Altus Strategies raises fund to finance exploration activities in Africa

Mining

Altus Strategies raises fund to finance exploration activities in Africa

Thursday, 19 April 2018 16:17 Last modified on: 19 April 2018 20:04

The AIM-listed company Altus Strategies announced yesterday April 18 a fundraising of $C4.1 million (£2.3 million), through a non-brokered private placement of common shares worth C$0.15.

“We are delighted by the exceptional positive response from institutional private investors to our capital. This capital raise will allow us to accelerate the growth in our project generation activities across Africa,” said the Managing Director Steve Poulton.

Let’s recall that Altus Strategies operates several exploration projects across Africa, notably in Cameroon, Ethiopia, Liberia, and Morocco. The company targets gold, bauxite, copper, iron ore, zinc, and silver.

Louis-Nino Kansoun

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