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Mkango Resources Ltd - Vancouver-based mineral exploration and development company - Pretax loss in the six months to June 30 narrows to $1.6 million from $4.2 million a year prior. The company does not generate revenue. Meanwhile, Mkango issues 280,678 shares to Bacchus Capital Advisors Ltd for C$0.1650 each, based on the closing price of Mkango shares as at June 30 and a USD to CAD exchange rate of $1 to C$1.3232 that day. The shares are for strategic and financial advisory services that Bacchus provided to Mkango in the second financial quarter to June 30.
Current stock price: 10.01 pence, down 2.3% on Friday
12-month change: down 44%
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