Nominated Adviser and Broker Liberum Capital Limited Michael Rawlinson / Clayton Bush / Christopher Kololian Tel: + 44 (0)20 3100 2000
Financial Public Relations FTI Consulting Billy Clegg / Oliver Winters Tel: +44 (0)20 7269 7100
The JV agreement provides for Shanta Gold earning up to 80% of discovered resources, subject to conditions set out in the agreement which are outlined in the Shanta Gold announcements dated 1 June 2011 and 13 October 2011. Under the agreement, Shanta Gold is committed to expenditure of no less than $12 million on exploration activities in the Joint Venture portfolio of properties before 31 December 2014.
I know Shanta has acquired most of their GBG Tanzanian assets but not all so...