LONDON (Alliance News) - Hunter Resources PLC on Wednesday said it has exercised its right to acquire a 51% stake in the Pampamali gold, silver and base metal project in Peru.
"We are delighted to have now exercised this option to gain a controlling interest in the Pampamali Project, and thereby satisfying the first two AIM conditions," said Hunter Executive Chairman Simon Hunt, referring to AIM market rules requiring listed investment companies to complete investments within a certain period.
No financial details were disclosed on the acquisition of the interest.
Hunter shares were untraded on Wednesday, having last traded at 0.356 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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