Mr. Ken Cai reports
MINCO GOLD ANNOUNCES SALE OF THE GOLD BULL MOUNTAIN PROJECT
Minco Gold Corp.'s wholly owned subsidiary Minco Mining (China) Co. Ltd. has entered into an agreement with a private Chinese individual to sell the company's Gold Bull Mountain project located in Hunan province, China, for total consideration of seven million renminbi (approximately $1.2-million). The company has received the first instalment payment (30 per cent of the total) from the purchaser.
Minco Gold's president and chief executive officer Ken Cai commented, "The sale of the Gold Bull Mountain project reflects the company's focus on its core exploration properties in Gansu, China, and its continued efforts to dispose of its other non-core assets and to diversify its investment outside China."
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