Armadale Capital - Update on the development and expansion of the Mpokoto Gold Project
ACP
Wed, 25 Nov 2015, 11:30am GMT
Armadale Capital is currently assessing a number of projects operating in the natural resources and related sectors in Africa. The Company will consider investing in projects which the Board believes could generate near term cash flow and value for Armadale and its shareholders.
The Board believes that this is an opportune time to be seeking new investment opportunities and will utilise its proven experience in identifying and developing resource projects in Africa to enhance the growth prospects of the Company.
Industry: Utilities
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Armadale Capital update us on the ongoing development and expansion of its Mpokoto Gold Project in the Democratic Republic of the Congo. Mpokoto continues to advance towards commercial production yielding positive results. Armadale also announces its intention to enter into a strategic alliance with Alpha and the benefits this will bring.