China Growth Minerals ups stake in Botswana-focused Impact

Hong Kong-based China Growth Minerals (CGM) has increased its shareholding in ASX-listed uranium developer Impact Minerals to 10,1 percent, making it the company's largest shareholder.

In September, CGM reached an agreement with Polo Resources to acquire an initial 5,92-million ordinary shares in Impact, for 17,5c a share.

CGM also had the option to acquire a further 5,92-million shares from Polo. CGM has now exercised that option.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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