PMI buys Ghana gold project

摘要

Junior gold explorer PMI Gold Corp is to buy the Kubi gold project, in Ghana from Canadian gold firm Nevsun Resources Ltd. The company said it would acquire all the shares of Nevsun Resources (Ghana), a Barbados-registered company that owned the Kubi project, for 9 million shares and an additional 3 million US dollars. Project exploration and developments net costs to date of over 19 million US dollars were available to offset future Ghanaian tax and royalty considerations.