Randgold Resources to Sale of Kiaka Project License
Randgold Resources Limited (NASDAQ: GOLD) today announced that the company completed, pursuant to an acquisition agreement dated October 15, 2009 between Randgold and Volta Resources Inc., its previously announced sale of its interest in the Kiaka license, camp assets and licence data to Volta in exchange for cash consideration of C$4,000,000 and an aggregate of 20,000,000 common shares of Volta.
The press release is quoted as saying:
The Common Shares were acquired by Randgold for investment purposes. Randgold may from time to time increase or decrease its holdings of Common Shares or other securities of Volta.
Click here to access the entire press release
Click here to access Randgold Resources Corporate Site
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Fri, Nov 20, 2009
Post by Melissa Pistilli, Gold Senior Reporter