Power Metal Resources to start Ditau acquisition process by September 1

Aim-listed Power Metal Resources (POW) has started the process of acquiring a 51% interest in the Ditau project, in Botswana, from fellow Aim-listed Kavango Resources for £150 000 in shares. POW will issue about 35-million new ordinary shares of 0.1p each, at an issue price of 0.42p apiece, to Kavango.