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BRIEF-Metals Of Africa Ltd updates on placement to progress battery graphite projects

Published 07/11/2016, 09:10 am
Updated 07/11/2016, 09:20 am
© Reuters.  BRIEF-Metals Of Africa Ltd updates on placement to progress battery graphite projects
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Nov 7 (Reuters) - Metals Of Africa Ltd MTA.AX

* Has received commitments from institutional and sophisticated investors for an oversubscribed placement to raise A$9 million

* "Placement to advance its world class graphite projects in Cabo Delgado Province of Mozambique"

* Placement will be completed via issue of 100 million fully paid ordinary shares in company at a price of a$0.09 per share

* Metals of africa ltd - placement to progress battery graphite projects-mta.ax Source text for Eikon: ID:nASX7Cr0GP Further company coverage: MTA.AX

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