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Aton plans for $8M investments in Egypt

Aton plans for $8M investments in Egypt

ArabFinance: Canada-based Aton Resources plans to invest $ 7 million to $8 million (EGP 109.19 million to EGP 124.78 million) in Egypt during 2021, the company’s President and CEO Mark Campbell told Masrawy on November 21st.

The company has spent approximately $18 million (EGP 280.76 million) of investments in the Arab republic over the past 10 years, Campbell noted.

Last September, Aton said it would use the net proceeds from a placement in funding Abu Marawat exploration and development activities.

 

*At press time, the conversion rate is $1 = EGP 15.60

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