24th Jan 2024 14:16
Atlantic Lithium Ltd - African-focused lithium exploration and development company - Says that, in line with heads of terms agreed in September, the Minerals Income Investment Fund of Ghana has completed a subscription for 19.2 million shares at USD0.26 each, for a total of USD5 million. The subscription is part of an agreed total USD32.9 million strategic investment in Atlantic and its Ghanaian subsidiaries. Under the terms of the subscription, MIIF is entitled to nominate one person to the company's board. Additionally, MIIF is to invest a further USD27.9 million, to acquire a 6% contributing interest in the Ghana portfolio. Read More