African Copper Plc, a company exploring for the metal in Botswana, has said that it has received an unsolicited offer of finance from Zambia Copper Investments Ltd.
ZCI proposes buying 676.6 million new shares of African Copper, raising $9.9 million, London-based African Copper said today in a statement distributed by Market Wire. The completion of the transaction would give ZCI a 70 percent stake in African Copper.
Source: Bloomberg
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