Alecto raises working capital for Mowana ramp-up

Aim-listed gold miner Alecto Minerals has raised £800 000 through the issue of further convertible loan notes to further complete its reverse takeover of Cradle Arc Investments, which owns the Mowana copper mine, in Botswana. The mine is ramping up to full production capacity and is on track to deliver production of 12 000 t of copper concentrate in the third quarter.