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Angkor Gold Corp.(TSXV:ANK) announced that it has entered into a new agreement to acquire 100% ownership of a new concession Andong Meas. The Company will increase its existing licenses from 90% to 100%.
Angkor Gold Corp.(TSXV:ANK) announced that it has entered into a new agreement to acquire 100% ownership of a new concession Andong Meas. The Company will increase its existing licenses from 90% to 100%.
As quoted in the press release:
This transaction will consist of Angkor first acquiring Transol Mining and Exploration Pty Ltd., which owns 100% of the 209 square kilometre Andong Meas concession in Cambodia and a 10% interest in Angkor’s Oyadao South gold exploration property. Angkor will then acquire the remaining 10% interests in Angkor’s Oyadao, Banlung and Banlung North gold exploration properties, which are currently owned by Liberty Mining International Pty Ltd.
Angkor Gold, President and CEO, Mike Weeks, commented:
I am extremely pleased with the significant value added to our shareholders with this acquisition. This further confirms our position that Cambodia is a country play. The transaction will add the final 10% to all our licenses and complete our obligations under the Joint Venture with LMI. As well, Andong Meas is a great addition to our exploration efforts, and substantially increases our opportunity to discover an economic deposit.
Click here to read the Angkor Gold Corp. (TSXV:ANK) press release
Click here to see the Angkor Gold Corp. (TSXV:ANK) profile
