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By PBN Staff
WARWICK – Exploration-stage mining company Sungro Minerals Inc. has established a wholly-owned subsidiary, Sungro Minerals Africa, the company announced Tuesday.
Departing from its previous domestic development efforts, Sungro created Sungro Minerals Africa to acquire mineral rights throughout the African continent.
According to the company, it has already had several promising and significant opportunities, although it did not give any specifics, and traveled to a unidentified country in May, at government invitation, to appraise potential opportunities.
A Sungro release said that the company was currently in negotiations to acquire various parcels and will update shareholders as future developments arise.