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AFARAK GROUP SELLS ILITHA MINE ASSETS

AFARAK GROUP SELLS ILITHA MINE ASSETS
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Afarak Oyj : GROUP SELLS ILITHA MINE ASSETS

Afarak Group Plc ( Afarak or the Company ) (LSE: AFRK, NASDAQ: AFAGR)
AFARAK GROUP SELLS ILITHA MINE ASSETS
Stock Exchange Release
The Board of Directors of
Afarak has approved the arrangement for the sale of Ilitha’s plant, assets and mining right. Ilitha is a South African company which holds the Stellite mine. The buyers are
WMA Chrome Mining Property Limited and
WMA Minmet Processing Proprietary Limited (the “Arrangement”).
The total purchase price of
400 Million ZAR (around
23.8 million euro) will be paid in 3 portions. The first portion is expected within 30 days from date of signature, the second within 12 months, and the last portion in monthly instalments over the next approximately five years, starting ....

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Investegate |Afarak Group Plc Announcements | Afarak Group Plc: AFARAK GROUP SELLS ILITHA MINE ASSETS

Investegate announcements from Afarak Group Plc, AFARAK GROUP SELLS ILITHA MINE ASSETS ....

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