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Savannah Resources Sells 16.5% Stake In Alecto Minerals For GBP68,143 (ALLISS)
LONDON (Alliance News) - Savannah Resources PLC Friday said it has sold a 16.5% stake in fellow AIM-listed Alecto Minerals PLC for a total of GBP68,143.
Savannah said it sold 28.6 million shares at a price of 0.2384 pence per share, and following the sale, Savannah holds a 13.3% stake in Alecto.
Savannah shares were trading flat at 2.05 pence per share on Friday afternoon, whilst Alecto shares fell by 4.8% to 0.128 pence.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Latest ALO News
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23 Jun 2016 - DIRECTOR DEALINGS SUMMARY: Alecto CEO Takes Part In Share Placing
8 Jun 2016 - DIRECTOR DEALINGS: Alecto CEO Subscribes For 12.5 Million Shares
8 Jun 2016 - Alecto Turns To Profit In 2015 Following Acquisition Of Zambian Mines
6 Jun 2016 - Paternoster Resources Quarterly NAV Rises Thanks To Metal Tiger Stake
3 Jun 2016 - Alecto's shares dive after dicounted £650,000 placing
17 May 2016
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