23 Oct Finance News Network – Sinomine Becomes Substantial Shareholder in Cobre Limited
Cobre Limited (ASX: CBE), a copper exploration and development company focused on the Kalahari Copper Belt (KCB) in Botswana, announced today that Sinomine International Exploration (Hong Kong) Co., Limited has become a substantial shareholder. Cobre has adopted a three-pronged approach to exploration and development in the KCB. The company completed the issue of 25,000,000 new fully paid ordinary shares to Sinomine for a cash consideration of A$1.5 million.
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