Corcel Plc (GB:CRCL) has released an update.
Corcel Plc, an Angolan-focused exploration and production company, has announced the exercise of a Put Option Agreement by investor Richard Jennings, leading to the sale of a 4.87% stake to Extractions Premium & Mining Ltd. (EXT), a major shareholder. The transaction is part of broader financial activities that include the company receiving funds from a recent placing and expected acquisition of additional shares by EXT, increasing their ownership to 29.58%. Corcel’s leadership expressed gratitude for investor support and is poised to continue advancing its business interests in Angola.
For further insights into GB:CRCL stock, check out TipRanks’ Stock Analysis page.
