- Madison Metals (GREN) has received approval from the Ministry of Mines and Energy, Republic of Namibia
- The approval is for the partial transfer of three concessions to Pennywort Investments (Pty) Limited, a wholly owned subsidiary of the company
- Giraffe Energy Investments Close Corporation and Otjiwa Mining and Prospecting Close Corporation and hold the concessions named the Rössing North Uranium Project
- Regarding the first transfer, Madison Metals issued 533,333 common shares at a price of C$0.52 and made a cash payment in the amount of C$50,000.00 to Giraffe Energy
- Madison Metals Inc. is green energy resource company with experienced management
- Madison Metals Inc. opened trading at C$0.53 per share
Madison Metals (GREN) has received approval from the Ministry of Mines and Energy, the Republic of Namibia for the partial transfer of three concessions.
The concessions will be transferred to Pennywort Investments (Pty) Limited, a wholly-owned subsidiary of the company.
The concessions are held by Giraffe Energy Investments Close Corporation and Otjiwa Mining and Prospecting Close Corporation and are named the Rössing North Uranium Project.
In completing the first transfer, Madison Metals issued 533,333 common shares for C$0.52 and made a C$50,000.00 cash payment to Giraffe Energy.
The company has also issued 75,000 common shares for services rendered to Sanmiguel Capital Investment (Bahamas) Ltd., a consultant to the company.
Madison Metals Inc. is green energy resource company with experienced management having particular expertise in the uranium mining industry.
Madison’s corporate objective is to build value by advancing Rössing-type uranium deposits identified in Kenora, Ontario, Canada and Namibia, Africa, by utilizing cutting-edge technology and modern strategies.
Madison Metals Inc. opened trading at C$0.53 per share.