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BRIEF-Mkango Issues Shares To Bacchus Capital In Relation To Its Appointment As Strategic And Financial Advisor

· 02/08/2021 02:05
BRIEF-Mkango Issues Shares To Bacchus Capital In Relation To Its Appointment As Strategic And Financial Advisor

- Mkango Resources Ltd MKA.V:

  • ISSUES SHARES TO BACCHUS CAPITAL IN RELATION TO ITS APPOINTMENT AS STRATEGIC AND FINANCIAL ADVISOR

  • SHARES WERE ISSUED AT A DEEMED PRICE PER SHARE OF C$0.27

  • ISSUED 325,000 SHARES TO BACCHUS CAPITAL IN CONNECTION WITH FINANCIAL ADVISORY SERVICES PROVIDED AT C$0.27 PER SHARE

  • SHARES MAY NOT BE SOLD THROUGH FACILITIES OF TSX-V OR, ABSENT A PROSPECTUS EXEMPTION, OTHERWISE TO A RESIDENT OF CANADA UNTIL JUNE 8

  • WILL ISSUE A FURTHER 625,000 SHARES ON 18 DECEMBER 2021 SHOULD ITS ENGAGEMENT CONTINUE WITH COMPANY UNTIL SUCH DATE

Source text for Eikon: ID:nGNX5KNmHL

Further company coverage: MKA.V


((Reuters.Briefs@thomsonreuters.com;))