Alecto Minerals raises £1m

Alecto Minerals has raised £1 million, gross, through the issue of convertible loan notes.

Alecto will utilise these funds to recommence operations at the Mowana copper mine in Botswana and to fund certain transaction expenses in relation to the completion of the reverse takeover process associated with the proposed acquisition of Cradle Arc Investments (Proprietary) Limited, which owns Mowana.

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