Brief: Red 5 Divests Siana Gold Project

TVI Pacific

29/07/2021 24:46

July 29 (Reuters) - Red 5 Ltd  RED.AX :
    * DIVESTMENT OF SIANA GOLD PROJECT-RED.AX
    * US$19 MILLION CASH PAYABLE UPON COMPLETION OF DISPOSAL
    * TVI RESOURCE DEVELOPMENT IN ADVANCED STAGES OF SECURING
FUNDING
TO RESTART SIANA GOLD PROJECT
    * SIANA GOLD PROJECT EXPECTED TO RE-COMMENCE OPERATIONS IN
H1 2023
    * ENTERED BINDING AGREEMENT WITH TVI RESOURCE DEVELOPMENT TO
DIVEST GREENSTONE RESOURCES CORPORATION
    * TVIRD WILL BECOME 100% OWNER OF GRC

Source text for Eikon:  ID:nASXM9HHl 
Further company coverage:  RED.AX 

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