2nd 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."
Related Shares:
Mila Resources