Alecto Minerals to buy Mowana for P89.7m
Friday, December 23, 2016
The AIM-listed company will pay £1-m in cash and the rest with the issue of 8.79m shares of 0.01p at 0.065p each, that will represent 60% of the issued share capital of Alecto, which in total amounts to about £6.72m.
The proposed acquisition is considered a reverse takeover and so the company’s shares will be suspended on AIM from Wednesday until the deal is approved by shareholders.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...