News

Senegal: Avenira to raise funds to advance Baobab project

  • Comments   -   Thursday, 06 April 2017 - 14:37

(Ecofin Agency) - Mining firm Avenira hopes to soon raise $AU2.5 million, in the framework of share acquisition plan, to advance its Baobab phosphate project in Senegal.

The company will allow its shareholders to buy new shares ranging overall between AU$1,000 and AU$15,000, at c8.4 per share.

The price offered is 10.6% below the weighted-average price of Avenira’s share which was estimated at $0.094 over the 14 days preceding the announcement regarding share purchase plan.

The Baobab project is presently in its first development phase which will lead to the production 500,000 tons of phosphate concentrates per year.

Extending over 1,553km², the valorization of the project begins on the Gadde Bissik prospect which is situated 110km East of Dakar and expands over about 90km².

Louis-Nino Kansoun

SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
Mining company Roxgold produced in 2017, 126,990oz of gold, above the 115 000-125 000...
Read more |  17 January 2018
Senegal’s national telecoms company (Sonatel) reduced, again, its mobile internet rates. The...
Read more |  17 January 2018
Between February and December 2017, Nigeria has exported 220,000 tons of cashew...
Read more |  17 January 2018
During the present quarter, a special land tribunal will start operating in...
Read more |  17 January 2018
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2018-01-11 03:46:08' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-12-19 03:46:08' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-01-18 04:00:20' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
listofid2=37951,37950,37949,37948,
reference=37951,37950,37949,37948,0
Saudi ACWA Power announced it has adopted SolarCoin, the blockchain-based digital currency....
Read more |  17 January 2018
International tourist arrivals in Africa grew by 8% in 2017, according to...
Read more |  17 January 2018
In 2017, the ICT sector has generated CFA636.3 billion of revenues, thus 5.1% of Senegal’s...
Read more |  17 January 2018
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
Mining company Roxgold produced in 2017, 126,990oz of gold, above the 115 000-125 000...
Read more |  17 January 2018
Senegal’s national telecoms company (Sonatel) reduced, again, its mobile internet rates. The...
Read more |  17 January 2018
Between February and December 2017, Nigeria has exported 220,000 tons of cashew...
Read more |  17 January 2018
During the present quarter, a special land tribunal will start operating in...
Read more |  17 January 2018
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2018-01-11 03:46:08' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-12-19 03:46:08' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-01-18 04:00:20' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
Saudi ACWA Power announced it has adopted SolarCoin, the blockchain-based digital currency....
Read more |  17 January 2018
International tourist arrivals in Africa grew by 8% in 2017, according to...
Read more |  17 January 2018
In 2017, the ICT sector has generated CFA636.3 billion of revenues, thus 5.1% of Senegal’s...
Read more |  17 January 2018

Copyright Agence Ecofin © 2015. All Rights Reserved.