Mkango Resources Limited subsidiary completes Hypromag investment

  • Jan 10, 2020 GMT
  • Team Kalkine

Mkango Resources Limited (LON: MKA) has informed about its subsidiary completing Hypromag investment.

  • The company has informed that its subsidiary, Maginito Limited has completed the acquisition of an initial 25 per cent interest in HyProMag Limited.
  • The subsidiary company has invested an initial £300,000 for said interest and is having an option to invest a further £1 million to increase its interest up to 49 per cent.
  • It has also provided a £200,000 convertible loan facility, which along with the investment amount of £300,000 will be fully funded from its existing cash resources.
  • On 10th January 2020, at the time of writing, GMT 08:07 AM, MKA shares were trading at GBX 8.20, down by 0.05 points or 0.61% against the previous day closing price.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK