Trader Afrimet Resources (AMR) will invest up to C$650,000 ($497,000) in Canadian exploration company Tantalex Resources Corp in a private placement that gives AMR shares and rights to buy additional shares in Tantalex.
As part of the transaction, Hadley Natus, AMR's founder, becomes director and chairman of the board of Tantalex - one of many management changes announced by Toronto-based Tantalex on Friday November 20.Shares in Tantalex rose by 50% on Monday, closing at C$0.03 per share, up...