Wednesday, 12th January 2005 (2802 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finalised the details of the purchase of Navan Mining's Bulgarian gold mining assets, in a deal worth $10.5 million, originally made two years ago.

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.

The two parties originally agreed a price of $26.5 million for the mining assets in September 2003.

These include the Chelopech mine and exploration properties located in the Rhodope belt of Bulgaria.

 

« Back to the stories

 

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.