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Spermageddon threatens human survival

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According to a 2017 study by Latif et al, a decline in sperm count might be considered as a ‘canary in the coal mine’ for male health and have much wider implications beyond fertility and reproduction.1

Endocrine disruption from chemical exposures to for example phthalates have been postulated as possible reasons for the increase in declining sperm counts and quality.

Recent studies have shown that poor sperm count is associated with overall morbidity and mortality. A Danish study report that with men with sperm concentration below 15 million/mL have a higher risk of diabetes and cardiovascular (CV) disease.2

An American study showed that diabetes is associated with a 16% increase in all‐cause and an 18% increase in CV mortality.3  According to the WHO, CVDs are the leading cause of death globally, responsible for an estimated 17.9 million deaths annually.4

What causes low sperm count?

Numerous environmental and lifestyle factors affect sperm count – both prenatally and in adult life. Endocrine disruption from chemical exposures or maternal smoking during critical windows of male reproductive development and lifestyle exposure to for example pesticides and other environmental toxins such as phthalates have been postulated as possible reasons for the increase in declining sperm counts and quality.1,3

Phthalate exposure linked to development abnormalities in male genitals

Phthalates such as Di(2-ethylhexyl)phthalate (DEHP) is widely used to make polyvinyl chloride soft and malleable, increase durability, transparency, and longevity to a variety of consumer, industrial, and medical products, including electronics, medical devices, children’s toys, detergents, pharmaceuticals, paints, waxes, personal care products, cosmetics, and food packaging, among others.5,6

Because phthalates are not covalently bound in these products, they can leach with product age, use, and ultraviolet light exposure, making them available for biological exposure.5 DEHP has come under increased scrutiny as its breakdown products are believed to be endocrine disruptors and more toxic than DEHP itself.6

The two most common endocrine developmental abnormalities of male genitals in infants, cryptorchidism, and hypospadias, have also shown increases – again particularly in Western, industrialised countries – over the past few decades.5

Shorter anogenital distance (AGD) are increasingly seen in boys with hypospadias and cryptorchidism. In men, shorter AGD has been linked to lower total sperm count and poor semen quality.5

In 2005, Swan et al published the first study the first study on AGD and other genital measurements in relation to prenatal phthalate exposure in 134 boys aged two- to 36-months. They found that phthalate metabolites are associated with short anogenital index and incomplete testicular descent. These data support the hypothesis that prenatal phthalate exposure at environmental levels can adversely affect male reproductive development in humans, conclude the team.7

Radke et al conducted a systematic review to identify male reproductive effects associated with phthalate exposure. According to the team, there is ‘robust evidence’ of an association between DEHP and dibutyl phthalate exposure (DBP) and male reproductive outcomes. The team showed links between AGD, semen parameters, and testosterone for DEHP exposure and semen parameters and time to pregnancy for DBP exposure.8

The future of the human race in peril?

In her book Count Down: How Our Modern World Is Threatening Sperm Counts, Altering Male and Female Reproductive Development, and Imperilling the Future of the Human Race, Dr Shanna Swan, an award-winning scientist based at Mount Sinai (United States) and one of the leading environmental and reproductive epidemiologists in the world, writes that changes in both male and female reproduction over the past few decades signal that ‘it’s no longer business as usual when it comes to human reproduction’. Reproductive changes have been noted in animals as well – signalling that something ‘very wrong is happening in our midst’.9

“This much is clear: The problem isn’t that something is inherently wrong with the human body as it had evolved over time, it’s that chemicals in our environment and unhealthy lifestyle practices in our modern world are disrupting our hormonal balance, causing various degrees of reproductive havoc that can foil fertility and lead to long-term health problems…”.9

She warns that we are living in an age of reproductive reckoning that has reverberating effects across the planet, and the longer it is allowed to  continue, may threaten human survival.9

According to Dr Swan, reversing the various ‘reproduction-sabotaging effects’ will require fundamental change, including changing the kinds and volumes of chemicals we use in manufacturing.9

She also provides examples of practical, everyday solutions such as purging harmful chemicals from our homes by reading the ingredients on bathroom and kitchen cleaners. Choosing personal care products that are phthalate-free and paraben-free. Ditching air freshener and scented products. Not microwaving food in plastic, making sure to filter drinking water and toss out plastic food storage containers and non-stick cookware.9

Dr Swan concludes her book with a plea for swift national and global actions that ban the use of chemicals to mitigate the effects of those that are impacting health and even life itself.9

REFERENCES:
  1. Levine H, Jorgensen N, Swan SH, et al. Temporal trends in sperm count: a systematic review and meta-regression analysis. Human Reproduction Update, 2017.
  2. Latif T, Jensen K, Mehlsen J, et al.  Semen quality is a predictor of subsequent morbidity. A Danish cohort study of 4,712 men with long-term follow-up. Am J Epidemiol, 2017.
  3. Raghavan S, Vassy JL, Ho Y-L, et al. Diabetes Mellitus–Related All‐Cause and Cardiovascular Mortality in a National Cohort of Adults. Journal of the American Heart Association, 2019.
  4. Cardiovascular disease. https://www.who.int/health-topics/cardiovascular-diseases#tab=tab_1
  5. Johnson KJ, Heger NE, Boekelheide K. Of mice and men (and rats): phthalate-induced fetal testis endocrine disruption is species-dependent. Toxicol Sci, 2012.
  6. Erythropel HC, Maric M, Nicell JA, Leask RL, Yargeau V. Leaching of the plasticizer di(2-ethylhexyl)phthalate (DEHP) from plastic containers and the question of human exposure. Appl Microbiol Biotechnol, 2014.
  7. Swan SH, Main KM, Liu F, et al. Study for Future Families Research Team. Decrease in anogenital distance among male infants with prenatal phthalate exposure. Environ Health Perspect, 2005.
  8. Radke EG, Braun JM, Meeker JD, Cooper GS.Phthalate exposure and male reproductive outcomes: A systematic review of the human epidemiological evidence. Environ Int. 2018.
  9. Swan SH and Colino S. Count Down: How Our Modern World Is Threatening Sperm Counts, Altering Male and Female Reproductive Development, and Imperilling the Future of the Human Race. Simon and Schuster, 2020.

Razor sharp safety knives

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Advertorial: The OLFA CTR SK-12 all stainless-steel construction cutter and OLFA SK-15 Disposable Concealed Blade Safety Knife exclusively designed for the food and medical industry.

It is designed and tested for the food and medical industry for cutting light- to heavy-duty materials

With its unique features, Olfa’s cutter range is exclusive to the food and medical industries. However, it can still be used by other industries.

They are made of 100% stainless steel, and the open blade channel design and special metal detectable handle are ideal for food production environments and medical applications, allowing for regular cleaning without rusting or being damaged.

The OLFA CTR SK-12 is the first stainless steel unit with a preloaded safety blade and a slip–resistant handle with convenient notches which help to improve control when cutting. It also has a handy lanyard hole. In addition to its NSF certification, self-retracting design, and fast and easy sanitisation, it has many other features.

Designed and tested for the food and medical industry for cutting light– to heavy–duty materials such as plastic strapping, cardboard, plastic bags, pouches, stretch wrap, film, foil and all medical materials, it is perfect for both industries with its all-stainless-steel construction, self-retracting blade to optimise worker safety and open channel design for enhanced hygiene.

The OLFA SK-15 Disposable Concealed Blade Safety Knife helps reduce the chance of injuries on the job.

This new time–saving cutter is designed for both industries and they are supplied with 10 individually packed blades’.The new unit includes a Tape Slitter, consisting of twin ultra-hard stainless-steel blades with hooks. Its holder is made from a chemical resistant resin material with a unique large lanyard hole. it is Olfa’s latest disposable multi cutter manufactured to make it impossible to cut oneself. It is also NSF approved. To view the full range, go to www.vermontsales.co.za and click on Olfa.

OLFA is a leading brand in the Vermont Sales operation and is available at all leading specialist stores countrywide for more on your nearest retail outlet contact, Vermont Sales on 011 314 7711 or their web site www.vermontsales.co.za

NADIA trial a ‘game changer’ for second-line HIV treatment

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“When a randomised controlled trial has relevant clinical and public health implications and is going to change WHO’s guidelines on second-line antiretroviral therapy (ART) in Africa and other resource-limited settings, it deserves to be called game-changing. It is the dream of every researcher,” Josep M Llibre, Lancet HIV 2022.

Dolutegravir-based and darunavir-based regimens maintain good viral suppression during 96 weeks

World Health Organization (WHO) guidelines recommend dolutegravir plus two nucleoside reverse transcriptase inhibitors (NRTIs) for second-line HIV therapy, with NRTI switching from first-line tenofovir to zidovudine. In The Lancet HIV, Paton et al (2022) report the 96-week data of the randomised, noninferiority NADIA trial comparing dolutegravir vs ritonavir-boosted darunavir (800mg of darunavir plus 100mg of ritonavir) and zidovudine vs tenofovir in second-line ART.

The study was designed to be relevant to the settings in which treatment is delivered and was done at seven sites in Kenya, Uganda, and Zimbabwe. The researchers randomly assigned patients where first-line therapy was failing (HIV-1 viral load, ≥1000 copies per millilitre) to receive dolutegravir or ritonavir-boosted darunavir and to receive tenofovir or zidovudine. All patients received lamivudine.

The researchers enrolled 464 patients at seven sub-Saharan African sites. A week 48 viral load of less than 400 copies per millilitre was observed in 90.2% of the patients in the dolutegravir group and in 91.7% of those in the darunavir group and in 89.6% of those in the zidovudine group. In the subgroup of patients with no NRTIs that were predicted to have activity, a viral load of less than 400 copies per millilitre was observed in more than 90% of the patients in the dolutegravir group and the darunavir group. The incidence of adverse events did not differ substantially between the groups in either factorial comparison.

FINDINGS

Dolutegravir-based and darunavir-based regimens maintain good viral suppression during 96 weeks. Dolutegravir is non-inferior to darunavir but is at greater risk of resistance in second-line therapy.

Tenofovir should be continued in second-line therapy, rather than being switched to zidovudine. The 96-week results of theNADIA trial, taken together with results of two other trials, now provide sufficient evidence to support WHO’s existing recommendation to use dolutegravir with two NRTIs in second-line therapy in the public health approach, and show that this combination will produce durable viral suppression, even when substantial NRTI resistance is present and when delivered with sparse viral load monitoring.

“Darunavir therefore merits an expanded role in the public health approach as a preferred protease inhibitor; its high genetic barrier to resistance also confers a possible advantage over dolutegravir. WHO’s longstanding recommendation to switch from tenofovir to zidovudine for second-line therapy in the public health approach should be revised to recommend maintaining tenofovir (and lamivudine) when introducing a new third drug (either dolutegravir or darunavir),” the researches commented.

REFERENCES:

Llibre J. Game-changing study of second-line HIV treatment. Lancet HIV 2022. Published Online April 20, 2022. https://doi.org/10.1016/S2352-3018(22)00096-0.

Paton N et al. Efficacy and safety of dolutegravir or darunavir in combination with lamivudine plus either zidovudine or tenofovir for second-line treatment of HIV infection (NADIA): week 96 results from a prospective, multicentre, open-label, factorial, randomised, non-inferiority trial. 2022 Lancet HIV. DOI:https://doi.org/10.1016/S2352-3018(22)00092-3.

Paton N et al. Dolutegravir or Darunavir in Combination with Zidovudine or Tenofovir to Treat HIV. N Engl J Med 2021; 385:330-341. DOI: 10.1056/NEJMoa2101609.

Debt management in the healthcare practice

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It is vital for the financial survival of the business to prevent bad debt and promote a healthy cash flow by collecting outstanding accounts from medical aids and private patients.

The longer accounts are left outstanding, the less likely it is that outstanding fees and expenses can be collected.

The longer accounts are left outstanding, the less likely it is that outstanding fees and expenses can be collected. Debt management involves different phases to minimise patient accounts that are unpaid.

DEBT MANAGEMENT PROCESSES

The Debt Management Business Process diagram is divided into four phases, and each phase is divided into processes that need to be followed. The diagram illustrates the following phases:

1. Business process design

2. Process audit

3. Account clean-up

4. Collection process.

PHASE 1: BUSINESS PROCESS DESIGN

During the Business Process Design phase the practice must decide how the collection process will work. The following must be considered:

1. Journal design – decide who will have access to create journal entries and which journals are going to be used, for example, writing off small balances or bad debts and giving discounts to pensioners. These journals can be pre-configured to post to their respective ledger accounts in the software to minimise user mistakes.

2. The collection cycles must be designed so that the necessary actions will be taken at different dates, for example, sending notifications on days 30 and 60.

3. The configuration of the practice’s management software needs to be planned and configured to guide the collection process.

PHASE 2: PROCESS AUDIT

Users process transactions during the following critical business processes:

• Billing and billing corrections

• Claim administration

• Receipting and receipt corrections.

The Process Audit phase is where the credit controller checks that all transactions have been correctly captured during these critical business processes. This step is vital to ensure that no paid accounts are collected in error and no unpaid accounts are missed. If all transactions were correctly captured, the outstanding amounts on the debtors account will be correct and can be used to start with the debt collecting process.

PHASE 3: ACCOUNT CLEAN-UP

The Account Clean-up phase aims to clear all the clutter and ensure that no unnecessary communication is sent to medical debtors. The following processes are used to pave the way for an optimal debt collection process:

1. Processing journals – get rid of small amounts or amounts that cannot be collected or are not worth collecting so that there can be a singular focus on collecting those worth the effort.

2. Archiving settled accounts – archive dormant accounts so that they don’t clutter the collection process.

3. Hiding zero balances on accounts – When zero accounts are hidden/filtered out the user will only see and focus on outstanding amounts.

PHASE 4: COLLECTION PROCESS

The Collection Process phase can start as soon as the Process Audit phase and the Account Clean-Up phase is completed. Only outstanding debtor accounts are part of the process, and the collection cycles will guide the process. The collection process can be done in two ways:

1. Manually by the Credit Controller

2. Automatically with an automated process in the software.

Even though the collection process can be automated, it is advisable that users understand how the manual collection process works to know how to configure the software for automated processes.

The manual collection process will be guided by the following processes:

• Drawing reports – An age analysis report will guide the credit controller to action only those accounts that are outstanding and, depending on the days outstanding, prescribe the type of action necessary.

• Sending communication is the most important part of debt management. Without communication debt collection cannot be done. Communication consists of sending SMSs, emails or making phone calls. Statements can be added to emails sent to patients.

• Bad debt administration – As soon as it has been decided which accounts are going to be sent for external debt collection, the practice needs to gather the necessary information to be handed over for legal action.

CONCLUSION

Thinking about debt management is never a feel-good experience. However, debt management could be quite a clean process and getting it done properly by competent personnel will take the pain out of this important part of a practice’s business management.

For more information, please click here to read our medical practice management book on our Learning Centre:

Webinar Replay: An approach to HIV treatment failure

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Medical Chronicle recently hosted a CPD-accredited, one-hour webinar on An approach to HIV treatment failure. The webinar is sponsored by Johnson & Johnson and was presented by Dr Leon Levin. Dr Leon Levin is a paediatrician who has been treating HIV infected infants, children and adolescents for the past 26 years and is currently Senior Technical Advisor in Paediatrics at Right to Care NGO.

Dr Levin delivered a lively and informative presentation

To watch the replay of this webinar and still earn a CPD point, go to: https://event.webinarjam.com/go/replay/441/n62z6um2tllt2rh1

Email john.woodford@newmedia.co.za to let him know that you have watched the replay.

As always, Dr Levin delivered a lively and informative presentation. He addressed:

  • New Research- Earnest, Nadia, Visend ARTIST​
  • Failing 1st line NNRTI regimen ​

New research may explain unexpected effects of common painkillers

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The finding may explain why similar NSAIDs produce a range of clinical outcomes and could inform how the drugs are used in the future. The study was published in the journal Immunity. 

Yale researchers have uncovered a distinct mechanism by which a subset of NSAIDs reduce inflammation.

Until now, the anti-inflammatory effects of NSAIDs were believed to arise solely through the inhibition of certain enzymes. But this mechanism does not account for many clinical outcomes that vary across the family of drugs. For example, some NSAIDs prevent heart disease while others cause it, some NSAIDs have been linked to decreased incidence of colorectal cancer, and various NSAIDs can have a wide range of effects on asthma. 

Now, using cell cultures and mice, Yale researchers have uncovered a distinct mechanism by which a subset of NSAIDs reduce inflammation. And that mechanism may help explain some of these curious effects. 

The research showed that only some NSAIDs – including indomethacin, which is used to treat arthritis and gout, and ibuprofen – also activate a protein called nuclear factor erythroid 2-related factor 2, or NRF2, which, among its many actions, triggers anti-inflammatory processes in the body. 

“It’s interesting and exciting that NSAIDs have a different mode of action than what was known previously,” said Dr Anna Eisenstein, an instructor at the Yale School of Medicine and lead author of the study. “And because people use NSAIDs so frequently, it’s important we know what they’re doing in the body.” 

The research team can’t say for sure that NSAIDs’ unexpected effects are due to NRF2 – that will require more research. “But I think these findings are suggestive of that,” Dr Eisenstein said. 

Eisenstein is now looking into some of the drugs’ dermatological effects – causing rashes, exacerbating hives, and worsening allergies – and whether they are mediated by NRF2. 

This discovery still needs to be confirmed in humans, the researchers note. But if it is, the findings could have impacts on how inflammation is treated and how NSAIDs are used. 

For instance, several clinical trials are evaluating whether NRF2-activating drugs are effective in treating inflammatory diseases like Alzheimer’s disease, asthma, and various cancers; this research could inform the potential and limitations of those drugs. Additionally, NSAIDs might be more effectively prescribed going forward, with NRF2-activating NSAIDs and non-NRF2-activating NSAIDs applied to the diseases they’re most likely to treat. 

The findings may also point to entirely new applications for NSAIDs, said Dr Eisenstein. 

NRF2 controls a large number of genes involved in a wide range of processes, including metabolism, immune response, and inflammation. And the protein has been implicated in aging, longevity, and cellular stress reduction. 

Dr Eisenstein said, “That NRF2 does so much suggests that NSAIDs might have other effects, whether beneficial or adverse, that we

Roche launches infectious diseases molecular diagnostics system

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Roche recently announced the launch of the cobas® 5800 System, a new molecular laboratory instrument, in countries accepting the CE mark. Testing is one of the first lines of defence to protect a patient’s general well-being and is vitally important in quickly guiding their treatment.

Testing is vitally important in quickly guiding a patient’ treatment

The cobas® 5800 System helps address laboratory challenges of increased patient testing, reimbursement complexities and the need for a diverse testing, while providing meaningful and timely results.

“The cobas 5800 System is a potential gateway to access where it is needed the most. Patients in Africa face barriers to access throughout their healthcare journey. Among the most pressing barriers are awareness, diagnostics, funding and healthcare capacity, said Alan Yates – Ad-Interim general manager for Roche Diagnostics, Southern Africa (South Africa and SADC). Yates adds,

“We are pleased that we can now offer a compact, fully-automated molecular system to help address the high demands on labs through greater efficiency, optimised workflows and cost savings, enabling them to deliver quality patient care and doing now what patients need next.

FAST FACTS

• Infectious diseases, such as those infections transmitted via respiratory, sexually and transplant, are becoming increasingly difficult to manage and represent an ever-growing medical need for millions of patients worldwide.

• Access to accurate and reliable diagnostic tests help clinicians
improve patient care, limit healthcare spending and contribute to protecting public health.

• The cobas® 5800 System is a compact new addition to the Roche Molecular portfolio, providing efficiency, simplicity, and timely results to laboratories of all sizes so clinicians can quickly determine the best treatment strategies for their patients.

Syrah Resources to expand Louisiana graphite plant after $220 million grant

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Australia’s Syrah Resources on Thursday announced plans to expand its Louisiana graphite anode plant fourfold after being selected for a $219.8 million grant as part of US President Joe Biden’s drive to boost US production of electric vehicle batteries and components.

On Wednesday, the Biden administration announced $2.8 billion in grants to 20 companies including Syrah to domestically produce and process lithium, graphite and nickel, key minerals in the United States’ push to reduce dependence on China, the world’s biggest producer of electric vehicle batteries.

In July, Syrah, which mines graphite in Mozambique, signed a $102.1 million loan deal with the US Energy Department for the ongoing construction of its 11,250 tonne per year Vidalia active anode material (AAM) plant and now plans a further upgrade.

“Today, we are also very pleased to announce that Syrah has been selected for a Department of Energy grant of up to $220 million to support funding for the potential further expansion of Vidalia to 45,000 tonnes per annum AAM capacity,” Syrah Chief Financial Officer Stephen Wells said during an earnings call.

The Vidalia plant is expected to start production in the third quarter of 2023.

Syrah Chief Executive Shaun Verner said the company also expected to benefit from the US Inflation Reduction Act passed in August, which will offer tax credits and financial support to electric vehicle material producers.

In December 2021, Syrah signed an offtake agreement with Tesla for the annual supply of 8,000 tonnes of graphite anode material from Vidalia.

Syrah also has agreements with a Ford Motor Co joint venture with South Korea’s SK On as well as LG Energy Solution to explore future anode material supplies from the Louisiana plant.

During the quarter to Sept. 30, Syrah produced 38,000 tonnes of graphite, compared to 44,000 tonnes the previous quarter as industrial action over wage demands knocked output in September.

The basics and importance of labour relations in the healthcare practice

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In South Africa, we have three main governing acts regulating labour relations namely, The Basic Conditions of Employment Act 75 of 1997, the Labour Relations Act 66 of 1995 and the Employment Equity Act 55 of 1998. The question is, why do we need these acts? It effectively regulates the relationship between the employer and the employee to implement the ethics of how parties must conduct themselves in the workplace and to give effect to the parties’ rights and responsibilities towards each other.

Practices could have to pay employees a substantive amount of money awarded to them by the CCMA

Although it is not a statutory requirement that an employer and employee engage in a Contract of Employment, it is advisable to do so. The benefit of having a Contract of Employment in place confirms the scope of the basic conditions between the employer and the employee. The employer can decide what the contract’s content should look like, but they must bear in mind the three governing acts. The contract shall be drafted to make provisions for the employer and employees’ details, salary, working hours, leave, overtime, responsibilities, the need to keep the practice and its patient’s personal information confidential, any other unique provisions and how the contract should be terminated.

For further assistance, it is recommended that the employee receive a detailed job description from the employer. This will result in the employee understanding exactly what is expected of them in terms of duties during their contract of employment with the employer.

Policies and procedures are also important in the workplace. It helps to reinforce and clarify the standards expected of employees and helps employers manage staff more effectively as it defines what is acceptable and unacceptable behaviour in the workplace. It is suggested that the practice should have a separate document for Policies and Procedures that can be read together with the Contract of Employment. Further, the practice should draft a Disciplinary Code of Conduct for employees to follow. The document should be an exhaustive list of actions relating to misconduct by the employee and the appropriate sanctions for each type of misconduct.

What do you need to prove if an employee’s action is of such a serious nature that a disciplinary hearing, with the possible outcome of dismissal, is necessary? In other words, when is a dismissal fair? The employer must prove that the dismissal was procedurally and substantively fair. Procedural fairness refers to the process being followed for the specific dismissal, and substantive fairness refers to the merits or the reason for the dismissal.

WHAT ARE THE REQUIREMENTS FOR PROCEDURAL FAIRNESS FOR A DISMISSAL?

1. The employee should have received a notice from the employer 48 hours before the scheduled hearing. In the disciplinary hearing notice, the following needs to be noted:

a. Time, date and place

b. Sufficient details of the alleged charges against the employee

c. The employee’s rights

d. Should the employee fail to attend the hearing, the hearing can proceed without their attendance.

WHAT ARE THE RIGHTS OF THE EMPLOYEE?

• To be represented by a fellow employee

• To state their case

• To have an interpreter present

• To cross-examine witnesses

• To know the outcome of the disciplinary hearing

• To refer the matter to the CCMA within 90 days.

WHAT ARE THE REQUIREMENTS FOR SUBSTANTIVE FAIRNESS OF A DISMISSAL?

Any person who is determining whether a dismissal for misconduct is fair should consider the following:

• Whether or not the employee contravened a rule or standard regulating conduct in the workplace and

– If a rule or standard was contravened, whether

– The rule or standard was a valid or reasonable rule or standard

– The employee was aware or could have been expected to be aware of the rule or standard

– The rule or standard has been consistently applied by the employer

– The dismissal was the appropriate sanction contravening the standard or the rule.

Taking all into account, the practice needs to have contracts of employment, disciplinary codes and policy and procedures in place to avoid having to spend hours at the CCMA losing valuable time that should have been spent on taking care of patients and having to pay an employee a substantive amount of money due to an award given them by the CCMA.

AuKing Mining (ASX:AKN) acquires six uranium and copper projects in Tanzania

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AuKing Mining (AKN) has confirmed the acquisition of uranium and copper projects in Tanzania.

The company now holds a 100 per cent interest in six Tanzanian projects, four of which are prospective for uranium – Mkuju, Manyoni, Itigi and Magaga – with the other two – Mpanda and Karema – prospective for copper.

AuKing said the uranium projects lie nearby areas that have undergone “significant” prior exploration and development up until 2013, including one just north of Mkuju which reported 108.9 million tonnes at 422 parts per million uranium oxide.

“The proposed acquisition of highly prospective Tanzanian uranium and copper assets is an important and exciting opportunity for AuKing,” CEO Paul Williams said.

“The company now has the ability to pursue and develop uranium assets in a stable African jurisdiction at a time when there is significantly renewed interest in the development of uranium projects.”

In conjunction with the acquisition, AuKing has made plans to carry out a two-staged capital raising to raise $3.5 million.

The first stage of the placement, dubbed T1, will see roughly 13.7 million new shares issued at 10 cents each, together with 6.87 million free-attaching options exercisable at 20 cents.

The second stage T2 placement involves 21.3 million new shares issued and 10.6 million free-attaching options exercisable at 20 cents.

AuKing reported the T1 placement has already been filled with a total of $1.37 million either received or committed to the company. As such, the final T1 placement is expected to close tomorrow.

Meanwhile, Asimwe Kabunga has joined the AKN board as co-chairman, with Anna Nahajski-Staples remaining in her position as co-chair.