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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: 11.25 GBX

LSE:PERE
Market: LSE
Market Cap: £7.73 m
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Pembridge Resources CEO expects Minto revenue to grow steadily

Proactive sits down with Pembridge Resources PLC's (LON:PERE) new CEO and chairman Gati Al-Jebouri. Operations have recently re-started to get its Minto mine back into production. First concentrate of copper was produced in early October and revenues of US$3.4m have subsequently been...

on 14/11/19

2 min read