Egypt investors of Citadel Capital, an Egypt-based private equity firm, announced the signing of an agreement to acquire a 9% stake in UK-listed gold exploration and production company GMA Resources for approximately $3.1 million.
The Citadel Capital’s Platform Company for investment in the regional mining sector is ASCOM which did this deal. GMA's shares are traded on the AIM market of the London Stock Exchange.
Their full press release follows:
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