Southern Gold and Bluebird reach agreement on sale of Gubong and Kochang JVs
Southern Gold subsidiary International Gold Private Ltd will receive up to 200 million BMV shares in exchange for the Gubong and Kochang joint ventures. The deal will see Southern Gold hold an approximate 30% interest in BMV once all shares are issued.
Southern Gold Limited (ASX:SAU) (FRA:UH4) has finally reached an agreement with Bluebird Merchant Ventures Ltd (LON:BMV) to offload its Gubong and Kochang joint venture projects in the Republic of Korea.
Southern Gold’s wholly-owned Singaporean subsidiary, International Gold Private Ltd (IGPL), will receive up to 200 million shares in BMV, and BMV will secure full ownership of the Gubong and Kochang projects.
Investegate |Bluebird Merchant Announcements | Bluebird Merchant: Bluebird Acquires 100% of the South Korea Projects
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