A-Cap, BML part ways for greater purpose

The company, which is listed on the Botswana and Australian stock exchanges, recently announced it had discovered new uranium deposits in the Central Districts and that feasibility studies leading to full scale commercial mining were underway. News of the de-merger was carried in a statement by A-Cap Chairman Pat Volpe:

"The board believes the successful divestment by A-Cap (from) BML for its non-uranium exploration assets will provide shareholders with an opportunity to participate in a fully focused base and precious metal exploration company, allowing A-Cap to focus on its uranium exploration assets," the statement said. "The de-merger and the proposed ASX listing will provide BML with the opportunity to fast-track exploration and re-capitalise the company." After the de-merger, A-Cap will focus exclusively on uranium while BML will focus on precious and base metals, gold and diamonds.