Alba to ease debt to JV partner with issue of shares

Alba Mineral Resources, a UK-based exploration company, is pleased to announce that FOSSE Investments, its joint venture partner in Mauritania, has agreed to take ordinary shares in Alba by way of payment for part of the balance due by Alba to the joint venture.

Alba Mineral Resources, a UK-based exploration company, is pleased to announce that FOSSE Investments, its joint venture partner in Mauritania, has agreed to take ordinary shares in Alba by way of payment for part of the balance due by Alba to the joint venture.

Alba will satisfy £26,400 of the debt due to FOSSE with the issue of 5,280,000 new ordinary shares at a price of 0.5p each.

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