Pan Terra Industries to Acquire Congo Namibia

Pan Terra Industries Inc. (TSXV:PNT) updated on the its acquisition of Congo Namibia in Africa.

As quoted in the press release:

Pan Terra has entered into a definitive agreement (the “Agreement”) effective October 6, 2011 to acquire 80% of the issued and outstanding common shares of Congo Namibia Trading (PTY) Limited (“Congo Namibia”), a private company incorporated under the laws of Namibia, Africa.

Congo Namibia holds 100% interest in five (5) significant Exclusive Prospecting Licenses in the Tsumeb Copper Belt (the “Tsumeb Copper EPL’s”), a right to acquire a 51% interest in the Congo Namibia – Angola Nam Russia Limitada Joint Venture on Mining in Angola (the “Angola Gold JV”), and a right to acquire 50% interest in the Congo Namibia – Antrim Mines Zimbabwe (Pty) Limited Joint Venture on the Antrim Gold Prospect (the “Zimbabwe Gold JV”).

Click here to read the Pan Terra Industries Inc. (TSXV:PNT) press release