Alecto Minerals : Acquires gold mines in Zambia
Alecto has entered into an agreement with the Vendors, for the acquisition of Luiri, that owns the historic Matala and Dunrobin Gold Mines in Zambia, for an aggregate consideration of #163; million, to be satisfied through the issue of 943,750,000 new Ordinary Shares (the ''Consideration Shares'') (which have an aggregate value of #163;1,132,500, based on the Company''s closing midmarket share