Monday, 8 December 2008

Maghreb Minerals in discussions about its future

The Tunisian AIM listed Maghreb Minerals is in discussions with its principal shareholders regarding the future of the business. Firebird Global Master Fund Ltd. and Firebird Global Master Fund II LLP together hold 24.06 percent of Maghreb’s issued capital.

Maghreb has limited financial resources and, in current market conditions, external funding will be difficult to secure.

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