Brief: Mubadala And Aris Gold Announce Partnership Agreement For Minesa's Soto Norte Gold Mine Project

Aris Mining

22/03/2022 05:59

March 22 (Reuters) - MUBADALA INVESTMENT COMPANY  MUDEV.UL :
    * MUBADALA AND ARIS GOLD ANNOUNCE PARTNERSHIP AGREEMENT FOR
MINESA'S SOTO NORTE GOLD MINE PROJECT
    * ARIS GOLD WILL BECOME OPERATOR OF THE COLOMBIAN MINING
COMPANY
    * THROUGH A JOINT VENTURE COMPANY, ARIS GOLD WILL ACQUIRE A
20%
OWNERSHIP INTEREST IN SOCIEDAD MINERA DE SANTANDER SAS AND
SOCIEDAD MINERA CALVISTA COLOMBIA (COLLECTIVELY, MINESA
    * ARIS GOLD HAS AN OPTION TO ACQUIRE A FURTHER 30% OWNERSHIP
INTEREST IN MINESA
    * AS OPERATOR, ARIS GOLD CEO NEIL WOODYER WILL BE APPOINTED
CEO OF
MINESA AND LEAD THE PREPARATION OF THE COMPANY’S OPERATIONAL
LICENSE APPLICATION
    * ON CLOSING, ARIS GOLD AND MUBADALA WILL ENTER INTO A
COMPREHENSIVE AGREEMENT TO GOVERN THE JOINT VENTURE COMPANY

Further company coverage:  MUDEV.UL 

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