Fladgate advises SP Angel on placing for Sula Iron & Gold

Our team: Neil Vickers

AIM listed Sula Iron & Gold plc is acquiring a controlling stake in a cobalt licence in Democratic Republic of Congo. The deal which is subject to shareholder approval will make Sula Iron and Gold the first AIM-listed company to develop cobalt interests in the region.

The company has conditionally raised £1.75m (before expenses), through a share placement and subscription.

Corporate consultant Neil Vickers advised the client.

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