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  • African Energy Resources Given More Time To For Capital Raising 0 comments
    Apr 6, 2014 8:56 PM

    African Energy Resources (ASX: AFR) has been granted additional time to provide details of a capital raising, following the company going into a trading halt last week.

    AFR has been granted a voluntary suspension pending the announcement.

    The company's Sese coal project can support multiple 300MW projects for regional power, and as an advantage the project has a very low strip ratio and raw coal quality suited to low-cost power generation.

    Sese is also close to existing transmission grid and planned grid extensions.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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