Oriole Resources acquires 51% of Reservoir Minerals Cameroon | 6 April 2021

6 April 2021 | 09:16am
StockMarketWire.com - West Africa focused Oriole Resources said it had secured a controlling position in Reservoir Minerals Cameroon for its early-stage exploration licences in Cameroon.
The company had formalised its 51% ownership of the local holding company, Reservoir Minerals Cameroon, that also held three of the newly-granted licences in central Cameroon.
The move followed the completion of an initial funding commitment of $1.56 million over two years at the Bibemi and Wapouze projects.
Completion of a drilling programme at Bibemi was expected to see the company meet its second expenditure commitment to acquire a 90% interest in all five licences.

Related Keywords

Bibemi ,Nord ,Cameroon , ,Reservoir Minerals Cameroon ,Oriole Resources Plc Ord ,Oriole Resources ,Oriole Resources Plc Ord 0 1p ,Lon Orr ,Orr L ,Orr ,நார்ட் ,கேமரூன் ,நீர்த்தேக்கம் தாதுக்கள் கேமரூன் ,ஓரிொலே வளங்கள் ப்ல் ஆர்ட் ,ஓரிொலே வளங்கள் ,லோன் ர் ,ர் ல் ,ர் ,