This A$15M investment will see Perilya acquire a 19.9% strategic interest in Myanmar Metals Limited and become a cornerstone shareholder. Myanmar will use the funds to exercise its option to acquire a 51% interest in the Bawdwin Concession. Further information can be found at: https://www.asx.com.au/asxpdf
Lead Partner, Phil Lucas, said “we were delighted to be able to assist Perilya in securing this cornerstone position. Our deep understanding of Perilya’s approach and operations allowed us to execute the deal in line with tight timeframes.”