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Manas sells some Kyrgyz assets to Chinese buyers
Manas Resources, an Australia-based gold producer, said it signed two separate agreements relating to the sale of its mining assets in the Kyrgyz Republic. The sales will bring Manas total consideration of $10.5 million. The company signed a binding term sheet with Chinese state-owned enterprise Guizhou Geological and Mineral Resources Development Co for the sale of all assets apart from the Savoyardy project for cash consideration of $10 million. A separate agreement has been for signed with an individual, Xijin Han, for the Savoyardy assets for cash consideration of $500,000.
Manas sells some Kyrgyz assets to Chinese buyers
Manas Resources, an Australia-based gold producer, said it signed two separate agreements relating to the sale of its mining assets in the Kyrgyz Republic. The sales will bring Manas total consideration of $10.5 million. The company signed a binding term sheet with Chinese state-owned enterprise Guizhou Geological and Mineral Resources Development Co for the sale of all assets apart from the Savoyardy project for cash consideration of $10 million. A separate agreement has been for signed with an individual, Xijin Han, for the Savoyardy assets for cash consideration of $500,000.
Manas sells some Kyrgyz assets to Chinese buyers
2016
Article (Journal)
English
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