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IN BRIEF: Mkango Gets TSX Approval For Cashless Warrant By Talaxis

Thu, 07th Jan 2021 20:10

Mkango Resources Ltd - explorer for rare earth elements in Malawi - Secures approval from the TSX-Venture exchange for the issuance of one million shares to Talaxis Ltd, with Talaxis to give up the right to buy 12 million shares at 6.6 pence each. Notes the issuance significantly reduces the dilution to other Mkango shareholders and avoids the company issuing 12 million shares at a significant discount to the current Mkango share price.

Current stock price: 16.50p

Year-to-date change: down 5.7%

By Ife Taiwo; ifetaiwo@alliancenews.com

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