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Altus raises cash for Africa exploration

AIM-listed project generator Altus Strategies has closed an oversubscribed equity raising worth £7.7 million, the bulk of which will be used to accelerate exploration in Egypt and Mali.

Oonagh Reidy
Altus Strategies' Diba gold project located in Mali

Altus Strategies' Diba gold project located in Mali

Egyptian investment business La Mancha - the company's largest shareholder - cornerstoned the issue, subscribing pro rata to its 35.4% stake.   Board members and new investors also participated, the...

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