Montage Gold Enters Into Strategic Partnership with Sanu Gold Given Its Highly Attractive Exploration Properties in Guinea [Canadian Business Journal (Canada)]
AngloGold Ashanti PLC Ordinary Shares (AU)
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Source: Canadian Business Journal
Monday, December 2, 2024Canada's Leading Online Business MagazineX-twitterSearchMontage Gold Enters Into Strategic Partnership with Sanu Gold Given Its Highly Attractive Exploration Properties in GuineaHIGHLIGHTS:VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) —Montage Gold Corp. (“Montage” or the “Company”)Montage will be investing alongside the Lundin Family and their associates (“Lundin Family”) who will obtain a 10.0% interest in Sanu by participating in the non-brokered private placement (the “Offering”) with an investment of C$2.7 million. Through the Offering, Sanu will obtain aggregate gross proceeds of approximately C$10.0 million based on a share issuance price of C$0.072. Montage management and certain insiders also intend to participate in the Offering.Sanu owns three highly attractive gold exploration permits in Guinea, located within the Siguiri Basin in proximity to AngloGold Ashanti’s Siguiri gold mine, Nordgold’s Lefa gold mine, Predictive Discovery’s Bank
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