Volta buys Randgold project

摘要

Volta Resources (VTR-T, VLTAF-O) plans to turn much of its focus to the Kiaka gold project in Burkina Faso and the market has given its nod of approval; shares rose about 27% in two days to 42 cents apiece. Volta has signed an agreement with Randgold Resources (RRS-L, GOLD-Q) to buy the Kiaka project, subject to a free participating right of 10% up to a full feasibility study, for 4 million dollars in cash and 20 million Volta shares.