13th Dec 2005 07:01
Mwana Africa PLC13 December 2005 13th December 2005 Mwana Africa PLC Appointment of Barclays Capital as Financial Adviser Mwana Africa PLC (The "Company"), the African resources company, today announcesthat it has appointed Barclays Capital as its financial adviser with a particularfocus on structured and project debt financing and the development of the Mwana Groupin Africa. The Company has agreed to issue to Barclays Capital, non-transferablewarrants over 6 million ordinary shares in The Company, exercisable duringthe next 5 years, at an exercise price of 49p. Commenting on the appointment, Kalaa Mpinga, Chief Executive Officer of The Company said: "Barclays Capital have an outstanding record advising and lending to businessesthroughout the African continent. For a company such as Mwana that operatesacross borders and is interested in strongly growing its activities, we valuehaving as experienced a partner as Barclays Capital working alongside us ." Enquiries: Kalaa Mpinga/ Oliver Baring + 44 (20) 7654 5588Mwana Africa PLC Tom Randell/ David Simonson + 44 (20) 7653 6620Merlin + 44 (0) 777 587 5847 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Asa Resources