FQMLFirst Quantum Minerals Ltd. (Vancouver, British Columbia, Canada)
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He said FQML had already reached agreement with Zesco who hope to secure an approval from the Zambia Public Procurement Agency (ZPPA) soon to launch the project.
According to FQML MD and CEO Matt Pascall, the company was in talks with Zesco regarding the 330kV transmission line of over 400km, which will cater to the Sentinel mine.
FQML also holds a contractual pre-emptive right to maintain its percentage holdings in certain future transactions.
The Shares issued to FQML are subject to a four-month hold period expiring on January 6, 2013.