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Pembridge Resources CEO details growth strategy and development plans

Pembridge Resources PLC (LON:PERE) chief executive and chairman Gati Al-Jebouri spoke to Proactive London's Andrew Scott following the announcement this morning confirming it has to date loaned £1.73mln to associate Minto Explorations Ltd and  intends to fulfil its financing commitment to the company with a further £570,000 to be released within the next 60 days.

Pembridge has also approved a new lending facility, ‘Facility C’, for up to £2mln to support new investment opportunities as well as ongoing working capital needs.

Quick facts: Pembridge Resources PLC

Price: 3.625 GBX

LSE:PERE
Market: LSE
Market Cap: £2.7 m
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Pembridge Resources 'in a much stronger financial position' as it ships...

Pembridge Resources PLC's (LON:PERE) Gati Al-Jebouri caught up with Proactive London's Andrew Scott soon after announcing they've shipped its first consignment of copper since the re-start began. The copper left the port of Skagway bound for Sumitomo warehouses in Japan. He says despite...

on 30/4/20

2 min read