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African Mining & Exploration

  • BY: Andrew Hore |
  • POSTED: 01/11/2010 |

Mali-focused explorer African Mining & Exploration joined Aim on 1 November and raised 5m (4.3m net) at 10p a share.

That valued AME at 7.08m. Existing shareholders raised 147,000. The share price ended the day at 12.25p a share, which valued AME at 8.67m. Every share has a warrant attached and it is exercisable at 12.5p a share.

AME is concentrating on exploring for gold projects. AME holds mining exploration permits for the Karan and Diatissan permit areas in Western Mali.

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