Primorus Investments PLC - investment firm focussed on natural resources sector - Invests AUD2.0 million, around GBP1.1 million, into Melbourne-based construction payments software firm Zuuse Ltd as part of AUD40 million investment round, by acquiring 2.0 million shares.
Should investment round go through, Primorus will hold 2.1 million shares in Zuuse, reflecting 1.7% stake.
To fund transaction, the group will sell 6.0 million shares in Greatland Gold PLC at 14.8p each. Will keep 20.0 million shares with mark-to-market value of GBP4 million.
Current stock price: 3.70 pence
Year-to-date change: up 48%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Greatland Gold (GGP)
Primorus Inv. (PRIM)