Aminex to sell Tanzania stake

摘要

Aminex has reached a binding agreement to sell up to 13% in the Kiliwani North Development Licence (KNDL) in Tanzania to Solo Oil for US $7m. Initially Solo will acquire a 6.5% stake in KNDL from Aminex’s wholly owned subsidiary Ndovu Resources Limited for $3.5m and will have a further 45 day option to purchase an additional 6.5% in the KNDL for $3.5m.