Brief: Gold Fields Says To Form JV in Ghana with Canada's Asanko Gold

Galiano Gold

29/03/2018 08:52

March 29 (Reuters) - Gold Fields Ltd  GFIJ.J :
    * ‍ENTERED INTO A DEFINITIVE AGREEMENT WITH ASANKO GOLD TO
FORM A
50:50 INCORPORATED JOINT VENTURE​
    * ‍AGM IS A MULTI-DEPOSIT COMPLEX, WITH TWO MAIN DEPOSITS,
NKRAN
AND ESAASE, AND NINE KNOWN SATELLITE DEPOSITS​
    * ‍PURCHASE CONSIDERATION COMPRISES AN UPFRONT PAYMENT OF
US$165M
ON CLOSING OF TRANSACTION AND A DEFERRED PAYMENT OF US$20M​

Source text for Eikon:  ID:nJsec0021a 
Further company coverage:  GFIJ.J 

 (Reuters.Briefs@thomsonreuters.com)