News blog
Sula Iron and Gold
- BY: Andrew Hore |
- POSTED: 14/06/2012 |
Sierra Leone-focused explorer Sula Iron & Gold appears to be on course for a flotation later this year.
The company was formed in October 2011 in order to acquire and develop gold licences. The Sula Mountains were one of the first areas of Sierra Leone where gold was discovered. Sunergy Gold and Taia Lion Resources have interests in the region.
Plus-quoted investment company Hot Rocks Investments owns 11.6% of Sula, following two investments totalling £75,000, and its director Gavin Burnell is also on the Sula board. At the time of these investments, the company was known as Sula Gold (www.sulagold.com) – the name was changed on 29 February.
Hot Rocks initially bought 8.33% of Sula and it had the right to subscribe up to £150,000 for up to a further 18.33%.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2012_32.pdf
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