Brief: ASEC Co For Mining Says Unit Sells Around 35% Of Stake In Kurmuk Gold Project

Allied Gold

26/11/2023 08:08

Nov 26 (Reuters) - ASEC CO FOR MINING  ASCM.CA :
    * UNIT APM INVESTMENT HOLDINGS BVI SELLS AROUND 35% OF ITS
STAKE
IN KURMUK GOLD PROJECT IN ETHIOPIA TO ALLIED GOLD CORP
    * ALLIED GOLD CORP TO PAY $65 MILLION TO APM INVESTMENT
HOLDINGS
BVI IN 3 INSTALLMET STARTING SEP 30, 2024 TILL SEP 30, 2027
    * ALLIED GOLD CORP WILL ISSUE 11.5 MILLION SHARES TO APM
INVESTMENT HOLDINGS BVI AT CAD 4.12 PER SHARE


Further company coverage:  ASCM.CA 

 ((Reuters.Briefs@thomsonreuters.com;))