Panthera Resources, a diversified gold exploration and development company, has entered into definitive agreements with DFR Gold and Maniger to restructure the ownership interests in the Kalaka gold project in Mali and the Paimasa, Dagma and Dext gold projects in Nigeria.
After the restructuring, Panthera will own 100% of Maniger, increasing its stake in the Kalaka Project from 40% to 80%.
The remaining 20% interest in the Kalaka Project will be retained by Golden Spear Mali SARL, a local partner.
Panthera will exit its interests in the Nigerian projects as part of the restructuring.
The company will pay DFR Gold approximately $67,931 to settle intercompany loans, and in return, DFR Gold will acquire the Nigerian projects from Maniger for a nominal sum.
The Kalaka gold project, operated by Panthera, is located in southern Mali, near two significant gold mines, Morila and Syama.
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By GlobalData
Read More:Panthera Resources restructures ownership interests in Mali and Nigerian gold projects
2024-05-07 15:29:58