Angkor Gold Completes First Strategic Transaction and Receives USD $2.4M

 Angkor Gold Corp. (TSXV:ANK) announced the completion of the strategic transaction for the sale of a 8km subsection of its 300km Oyadao tenement to All Solutions Co. Allsol has been issued a new 78 km exploration license and the Company retains the remaining 222 km of the existing Oyadao license. The Company has received the total payment.

As quoted in the press release:

Under the terms of the deal, the two million and four hundred thousand US dollars (USD $2,400,000) payment from Allsol to Angkor was held in escrow pending issuance of the new exploration licence.

Angkor Gold Corp. CEO and Chairman, Mike Weeks said:

The completion of this transaction strengthens our financial position and enables us to expand our 2013 exploration program. We look forward to providing fuller details of our 2013 exploration program in due course. In the interim, we invite our shareholders and the investment community to visit our newly updated corporate presentation, available on our website, to learn more about our ACTION-based strategy and why we’re Cambodia’s Premier Gold Explorer.

Click here to read the Angkor Gold Corp. (TSXV:ANK) press release
Click here to see the Angkor Gold Corp. (TSXV:ANK) profile

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Nexus-Gold-Big-e1418932141286

Nexus Gold Corp.

Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.

Connect here and don't miss their next catalyst!

Learn More
Comments

Leave a Reply