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Gem advances RioZim $700k, as miner unveils $10m rights issue

HARARE – Gem RioZim Investments (Gem) has advanced RioZim Limited (RioZim) $700 000 as part of its subscription towards the miner’s proposed $10 million rights offer to fund the resuscitation of its Cam and Motor gold mine. Gem holds a 24,97 percent stake in RioZim and will fully underwrite the capital raising exercise. The Kadoma-based…

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