Kasbah Resources Receives Funds From Investment Group

SMH reported Kasbah Resources (ASX:KAS) has received timely funds from a group of investors dominated by development agencies.

As quoted in the market news:

In what Kasbah boss Wayne Bramwell described as a vote of confidence, the “African Lion 3” fund exercised a cluster of 25¢ options, despite the stock trading for just 21¢ in recent days.

The transaction delivered just under $2 million to Kasbah, which is developing a tin project in Morocco.

Click here to read the full SMH report.