This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:African Queen options Noyem from Akan, acquires licence 2009-10-19 05:34 ET - News Release Mr. Irwin Olian reports AFRICAN QUEEN SIGNS EARN-IN AND JV AGREEMENT WITH AKAN FOR KEY NOYEM GOLD PROJECT IN GHANAA S ASHANTI BELT; LICENSE BEING ACQUIRED FROM NEWMONT UNDER SEPARATE AGREEMENT African Queen Mines Ltd. has now entered into an earn-in and joint venture agreement (Akan agreement), with Marshall Islands' private company Akan
Exploration Ltd., covering exploration, development and
exploitation of the Noyem gold project, which is the subject of the
Noyem-Nyafoman prospecting licence LVB 10244/1995 in Ghana. Simultaneously, the company has entered into a purchase and
sale agreement with Newmont Ghana Gold Ltd. (NGGL), the Ghanaian
subsidiary of Newmont Mining Corp.,
under which NGGL is transferring the licence directly to the company's
Ghanaian subsidiary AQ Ghana Gold Ltd. (AQGGL), to be held in trust
for the joint venture partners in accordance with the Akan agreement. The Noyem gold project The remainder is available to Stockwatch subscribers.
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