News and Announcements
Gold Anomaly Ltd : Crater Mountain – Increase in Interest to 90%
- Published April 17, 2012 12:35AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Gold Anomaly Limited (“GOA”) currently has an 80% interest in its flagship Crater Mountain Gold Project in PNG (“Project”) through its PNG subsidiary company Anomaly Limited (“Anomaly”).
In November 2010 GOA entered into an agreement (“Agreement”) with New Guinea Gold Corporation (“NGG”), subject to the approval of the PNG Minister of Mines, for Anomaly to acquire NGG’s 10% interest in the Project in exchange for the issue of 31.25 million shares in GOA. The acquisition of NGG’s 10% interest would take GOA’s Project interest to 90%.
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