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<a href="http://www.accessmylibrary.com/article-1G1-136971119/african-gold-details-deal.html" title="Facts and information about African Gold details deal with Zimbabwean gold firm.">African Gold details deal with Zimbabwean gold firm.</a>
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African Gold details deal with Zimbabwean gold firm.
(From Irish Independent)
AFRICAN Gold yesterday announced details of its proposed acquisition of a Zimbabwean gold producer and the readmission of its shares to the AIM market in London.
The deal will see shareholders in Mwana end up with a controlling stake in African Gold and the new venture will be called Mwana Africa.
Last year, Mwana produced 30,000 ozs of gold at Freda Rebecca mine and 10,500 tonnes of nickel at the Bindura Nickel operation, Zimbabwe.
African Gold chairman Oliver Baring described the deal as "a truly transformational transaction".
"It brings together two complementary sets of assets," he said, adding that ...
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