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 dat...
Source: marketscreener.com
