New standard listing: URA’s Zambia prospect

URA Holdings has returned to the London market after more than three years but this time it is the standard list and not AIM. The cash shell has secured the acquisition of Malaika Developments, which has exploration interests in eastern Zambia.

The directors will use their skills to exploit this opportunity and to seek others. The plan would be to develop and then sell them for equity, cash or royalties, or even agree a farm-out deal. The focus will be relatively stable countries in southern and central Africa. Management believes that there are opportunities in Zambia because other compan...

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