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Option to acquire 20% interest in gold assets with 350,000oz of mineral resources RGO is pleased to announce that it has entered into a conditional term sheet with Kodal Minerals plc ( Kodal ) to potentially acquire a 20% interest in Kodal s portfolio of gold assets in West Africa which range from early exploration to assets with mineral resources. This investment would enable RGO to provide its investors with more direct exposure to a broader range of alternative assets at valuations that are often lower than the levels available in the public markets. RGO is expecting to invest up to US$1.25 million as part of an overall US$2.5 million funding package, arranged by RiverFort Global Capital Limited, for Kodal to fund the acquisition of the Fatou Gold project in Southern Mali (the Fatou Project ) and the development of Kodal s portfolio of gold assets. ....
Project Level Funding Proposal for Major Exploration Campaign, & Gold Portfolio Update
Kodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali (the Bougouni Project or the Bougouni Lithium Project ) is pleased to announce the acquisition of the Fatou Gold Project in southern Mali ( Fatou or the Fatou Project ) (the Acquisition ). Fatou already has a historical compliant NI 43-101 Resource of over 350,000oz which is expected to increase based on a funded 9-month drilling programme.
In conjunction with the Acquisition, Kodal Minerals has received a subsidiary-level project funding proposal from AIM-quoted Riverfort Global Opportunities PLC and Riverfort Global Opportunities PCC (together, the Investors ) to provide up to US$2,500,000 to fund part of the Acquisition, implement a major exploration campaign at Fatou and fund exploration at the Company s additional gold projects ....
Option to acquire 20% interest in gold assets with 350,000oz of mineral resources RGO is pleased to announce that it has entered into a conditional term sheet with Kodal Minerals plc ( Kodal ) to potentially acquire a 20% interest in Kodal s portfolio of gold assets in West Africa which range from early exploration to assets with mineral resources. This investment would enable RGO to provide its investors with more direct exposure to a broader range of alternative assets at valuations that are often lower than the levels available in the public markets. RGO is expecting to invest up to US$1.25 million as part of an overall US$2.5 million funding package, arranged by RiverFort Global Capital Limited, for Kodal to fund the acquisition of the Fatou Gold project in Southern Mali (the Fatou Project ) and the development of Kodal s portfolio of gold assets. ....