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SearchGold Resources Inc.(TSX VENTURE:RSG)(FRANKFURT:S1O) announced that heads of agreement have been reached between Stellar Diamonds Limited and AIM listed West African Diamonds Limited to undertake a combination of business interests that, if successful will constitute a reverse takeover of WAD by Stellar. The press release is quoted as saying: Stellar holds a portfolio of production …
SearchGold Resources Inc.(TSX VENTURE:RSG)(FRANKFURT:S1O) announced that heads of agreement have been reached between Stellar Diamonds Limited and AIM listed West African Diamonds Limited to undertake a combination of business interests that, if successful will constitute a reverse takeover of WAD by Stellar.
The press release is quoted as saying:
Stellar holds a portfolio of production and development stage projects in the countries of Sierra Leona and Guinea, West Africa. Production commenced from the Mandala alluvial diamond operation in Guinea in late April 2009 and to date some 37,000 carats have been produced, with initial revenues now exceeding $1million.
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