Australia's Alicanto Minerals rises on deal to sell Guyana gold project

Golden Shield Resources

01/06/2021 06:21

** Gold explorer Alicanto Minerals Ltd  AQI.AX  gains as
much as 4% to A$0.13
    ** Co to sell its Arakaka Gold Project in Guyana to private
Canadian company Virgin Gold Corp for up to C$4.8 mln ($3.98
mln) urn:newsml:reuters.com:*:nASN0019DN
    ** AQI says sale is subject to conditions, including that
Virgin Gold complete due diligence on project, obtain any
necessary third-party consents and Virgin completes a reverse
takeover of Canada-listed Goldblock Capital Inc  GBLK.CD 
    ** About 757,000 shares change hands vs 30-day average
volume of about 559,000 shares
    ** AQI on track to post third consecutive session of gain;
up 25% this year, as of last close
($1 = 1.2048 Canadian dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))