Brief: Power Minerals Says Fuyang Mingjin New Energy Development To Make A Strategic Investment

Power Minerals

02/05/2023 02:07

May 2 (Reuters) - Power Minerals Ltd  PNN.AX :
    * FUYANG MINGJIN NEW ENERGY DEVELOPMENT TO MAKE A STRATEGIC
A$2.6M
INVESTMENT INTO POWER MINERALS
    * MINGJIN WILL SUBSCRIBE FOR 6.5M POWER SHARES AT A$0.40 PER
SHARE
 VIA A PLACEMENT TO RAISE A$2.6M BEFORE COSTS
    * ON COMPLETION OF PLACEMENT, MINGJIN WILL HAVE 8.9% HOLDING
IN
ISSUED EQUITY CAPITAL OF CO
    * STRATEGIC INVESTMENT WILL ALLOW POWER TO ACCELERATE
DEVELOPMENT
OF ITS LITHIUM PROJECTS AT THE SALTA LITHIUM PROJECT

Source text for Eikon:  ID:nASXbwvn0Z 
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 ((Reuters.Briefs@thomsonreuters.com;))