Sovereign Mines of Africa Plc is a mineral exploration company. At the end of 2007, the Founders saw an opportunity to pool their collective expertise and experience in order to form joint ventures for mineral exploration with governments in Africa. The Republic of Guinea in West Africa was identified as the first target, and this ultimately gave rise to the establishment of the Company in 2010.
The Company entered into a cooperative joint-venture with the Government of Guinea, pursuant to which the Government of Guinea was granted a 40 per cent.
equity stake in Sovereign Mines of Guinea Limited, the operating company of the Group. The Company has acquired five early stage substantial and highly prospective gold properties, covering a total of around 3,600 square kilometres, any of which could, in the Directors' opinion, become a significant gold asset. The Company also has one diamond Exploration Permit in Guinea covering approximately 500 square kilometres.
Listing exchange: AIM
Expected first day of trading: 2011-07-28
Expected money raised: £1.25M
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