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Lonrho Africa
Posted: Mon, 14 Aug 2006
[miningmx.com] -- LONRHO Africa has raised 12.44m pounds after expenses via a share placement at 28 pence each to raise capital for it Africa investment strategy, the company said on Monday.
"The placing will enable the Company to maintain a balance of funds for investments in Africa in line with its new strategy set out at the EGM held in February 2006, and will also support the project financing of Luba
Freeport Limited, Lonrho Africa"s 63 per cent subsidiary," the company said in a statement.
The total number of shares in issue following completion of the placing will be 203,432,716.
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