Brief: Wanguo International Mining Group enters into S&P agreement with AXF Resources

Wanguo Gold

18/07/2017 01:09

July 18 (Reuters) - Wanguo International Mining Group Ltd 
 3939.HK : 
    * On 16 July 2017, co entered into S&P agreement with AXF 
resources 
    * Deal for a consideration of AUD58.35 million 
    * Has agreed an estimated maximum commitment of AUD50 
million for reconstruction works and am costs. 
    * Total amount of commitment by company for acquisition as 
well as reconstruction works and am costs is AUD108.35 million. 
    * Transaction in relation to acquisition of majority 
shareholding in AXF gold ridge 
 
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