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Castle Peak Signs Definitive Agreement to Sell Substantially All of its Assets
Aug. 04, 2017 08:44AM PST
Precious Metals Investing
Castle Peak Mining Ltd. (“Castle Peak” or the “Company”, TSXV: CAP) is pleased to announce that, further to its news release of April 24, 2017, the Company has entered into a definitive agreement (the “Agreement”) with Star Goldfields Ltd. (the “Purchaser”) that provides for the sale of substantially all of the assets of the Company …
Castle Peak Mining Ltd. (“Castle Peak” or the “Company”, TSXV: CAP) is pleased to announce that, further to its news release of April 24, 2017, the Company has entered into a definitive agreement (the “Agreement”) with Star Goldfields Ltd. (the “Purchaser”) that provides for the sale of substantially all of the assets of the Company (the “Transaction”).
As quoted in the press release:
Pursuant to the Agreement, the Purchaser will acquire the rights to all of the Company’s exploration interests in the southern Ashanti Belt, Western Region, Ghana. In consideration, the Purchaser will pay the Company an aggregate cash purchase price of US$4.25 million.
