ABM to buy 35% stake in Katoro’s Haneti project

Aim-listed Katoro Gold has entered into an investment and option agreement with fellow Aim-listed African Battery Minerals (ABM) that will result in ABM acquiring up to 35% of Katoro’s Haneti nickel project, in Tanzania, for £125 000. Under the terms of the agreement, ABM will acquire, in tranches, up to ten-million Katoro shares, as well as up to ten-million warrants over ordinary shares in Katoro.