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IN BRIEF: Power Metal Ups Stake In Haneti Project To 35%

Thu, 20th Aug 2020 17:15

Power Metal Resources PLC - metals exploration and development company - exercises option to increase stake in Haneti project to 35% from 25%, paying GBP25,000 to Katoro Gold PLC. Following this, Katoro now holds a 65% stake in the project. Separately, Power Metal says it received a notice to exercise warrants over 4.0 million new shares. The warrants are being issued at 0.70p per share, netting the firm GBP28,000.

Current stock price: 1.25 pence

Year-to-date change: up sharply from 0.38p on December 31, 2019

By Lucy Heming;Â lucyheming@alliancenews.com

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