Mkango Resources Ltd - Vancouver-based mineral exploration and development company - Pretax loss in the six months to June 30 narrows to USD1.6 million from USD4.2 million a year prior. The company does not generate revenue. Meanwhile, Mkango issues 280,678 shares to Bacchus Capital Advisors Ltd for CAD0.1650 each, based on the closing price of Mkango shares as at June 30 and a USD to CAD exchange rate of USD1 to CAD1.3232 that day. The shares are for strategic and financial advisory services that Bacchus provided to Mkango in the second financial quarter to June 30.
Current stock price: 10.01 pence, down 2.3% on Friday
12-month change: down 44%
By Tom Budszus, Alliance News reporter
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Mkango Resources (MKA)