Mila Resources To Buy Capital Metals In Reverse Takeover (ALLISS)

Thu, 02nd Aug 2018 13:13

LONDON (Alliance News) - Mila Resources PLC said Thursday it agreed to acquire Capital Metals Ltd, in a transaction that will be considered at reverse takeover.

Therefore, Mila shares were suspended from trading in London.

Capital Metals is the owner of a high-grade mineral sands project in southern Asia.

Executive Director George Donne said: "Capital Metal fits our investment criteria of being a pre-development and rapidly scalable project which, with modest investment, we believe has excellent potential to re-rate quickly."

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