Tuesday, 28th March 2023

Platinum Group Metals (PGMs) and chrome mining company Tharisa has received applications from investors to subscribe for notes totalling $31.8 million - exceeding the minimum requirement of $25 million.

Proceeds will be used to partially fund the Karo Platinum Project, a low-cost open pit PGM project under development located on the Great Dyke in Zimbabwe

“As such, applications have been granted in full and the notes will be issued to applicants in terms of the timetable where the subscription proceeds have been received, or on receipt of the subscription proceeds where the funds are still to flow,” it said.

The issued notes will be listed on the Victoria Falls Stock Exchange on 16 December 2022.

Tharisa’s Karo Mining subsidiary previously launched a fixed-income note offer to raise $50 million.

About us

African News Centre is an online media company, which strives to bring you the very latest African news.

Contact us

If you have any contributions contact us on email: This email address is being protected from spambots. You need JavaScript enabled to view it.
African News Centre | Postal Address | P.O Box 90455 | Klein Windhoek | Namibia | 9000