StockMarketWire.com - AIM Investments is investing $1m into Farm Lands of Guinea which, in turn, will invest $500,000 into AIM.
FLG is a Nevada corporation, which through its direct subsidiary Farm Lands of Guinea and its indirect 90%-owned subsidiary, Land & Resources (Guinea), is acquiring and consolidating farm land and operations in Guinea and rehabilitating them back into production using modern agricultural techniques and practices.
FLG has prepaid 99 year leases on over 100,000 hectares of arable land.
FLG is raising up to $5m of new funds to prepare and cultivate the leased farmland in Guinea through the issue of 250,000 units at $20.00 apiece.
At 8:17am: (LON:AIM) AIM Group share price was +0.01p at 0.63p
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