M&A

Taruga buys copper-cobalt permit

SHARES in Africa-focused minnow Taruga Gold have risen by over 13% in early trade after it announced the acquisition of 75% of a copper-cobalt permit in the Democratic Republic of Congo.

Andrew Hobbs
Taruga buys copper-cobalt permit

After starting the year at 3.2c, Taruga shares were up to 6c in morning trade, valuing the company at $6.2 million.  The deal will see Taruga issue 12 million shares – roughly 10% of its total issued...

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