Minbos merges with Angolan partner

VERY patient Minbos Resources shareholders will likely be hoping for accelerated progress at the Cabinda phosphate project in Angola after their company agreed to merge with Angolan partner Petril Phosphate.

Minbos merges with Angolan partner Minbos merges with Angolan partner Minbos merges with Angolan partner Minbos merges with Angolan partner Minbos merges with Angolan partner

The circa-$A20 million scrip transaction will see both sets of shareholders with 50% of Minbos.

Minbos’ largest shareholder is to exercise $A3.