IN BRIEF: Firering Strategic receives outstanding debt from Ricca
Firering Strategic Minerals PLC - Zambia and Ivory Coast-focused mining company - Announces that it has received USD1 million in full and final settlement of all debts and claims owed by Ricca Resources. In addition, Firering announces the closing of a placing and subscription raising a further GBP860,000 at 1.25 pence per share. Clearglass Investments Ltd subscribes for GBP85,000 worth shares and Premier Miton Group PLC for GBP250,000. The injection of new capital supports continued progress at Firering's flagship asset, Limeco Resources Ltd in Zambia, where the ramp up of lime production is advancing in line with the company's growth strategy. "The injection of new capital comes at a pivotal stage for Firering as we look to increase our interest in Limeco, our primary value driver, as we push forward with operational ramp up and product diversification efforts," notes Chief Executive Officer Yuval Cohen. Read More