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Wednesday, 12th January 2005 (4386 views)

Dundee Precious Metals has finalised the details of the purchase of Navan Mining's Bulgarian gold mining assets, in a deal worth $10.5 million, originally made two years ago.<br/><br/>It has been agreed that Navan will retire a sum of $4 million payable and cancel $12.5 million in consideration, in exchange for the $10.5 million payment.<br/><br/>The two parties originally agreed a price of $26.5 million for the mining assets in September 2003.<br/><br/>These include the Chelopech mine and exploration properties located in the Rhodope belt of Bulgaria.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7549084"/>

 

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