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Indebta > Investing > Capital Metals Shares Rise on Probe Related to Suspension of Sri Lankan Licenses
Investing

Capital Metals Shares Rise on Probe Related to Suspension of Sri Lankan Licenses

News Room
Last updated: 2023/06/10 at 4:40 AM
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By Anthony O. Goriainoff


Shares in Capital Metals PLC rose Friday after media reports that the Committee on Public Enterprises has appointed an independent legal officer to investigate misappropriation within the Geological Survey and Mines Bureau, which suspended the company’s mining licenses in Sri Lanka last year.

Shares at 1024 GMT were up 0.30 pence, or 13%, at 2.55 pence.

On Dec. 12, the AIM-listed mining company’s licenses in the Sri Lanka were suspended pending an investigation by the country’s government.


Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com


Read the full article here

News Room June 10, 2023 June 10, 2023
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