Bushveld Minerals (“BMN”) has announced the result of its General Meeting (GM) that approved the issue of shares in relation to the recently announced financing, Black Economic Empowerment (‘BEE’) restructuring, Southern Point Resources (‘SPR’) financing, and the shares to be issued to Orion in relation to the convertible restructuring. Following this series of transactions, the total number of shares issued should increase to 2.311bn of which 670,000 will be held in treasury. We view this as a ....
