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A platform for research: civil engineering, architecture and urbanism
Continental Gold Garners Backing for Buriticá Project in Colombia
Continental Gold announced sales of company common shares to Newmont Mining and RK Mine Finance Master Fund I (Red Kite) having a combined value of $136 million. Continental will use the funds to advance its underground Buritica gold project in Antioquia department, northwest Colombia, where formal construction is scheduled to begin before year-end 2017. The Newmont transaction is valued at $109 million and will give Newmont an approximate 19.9% interest in Continental. In addition, the companies will form a strategic alliance to evaluate opportunities to partner on exploration of Continental's other properties in Colombia.
Continental Gold Garners Backing for Buriticá Project in Colombia
Continental Gold announced sales of company common shares to Newmont Mining and RK Mine Finance Master Fund I (Red Kite) having a combined value of $136 million. Continental will use the funds to advance its underground Buritica gold project in Antioquia department, northwest Colombia, where formal construction is scheduled to begin before year-end 2017. The Newmont transaction is valued at $109 million and will give Newmont an approximate 19.9% interest in Continental. In addition, the companies will form a strategic alliance to evaluate opportunities to partner on exploration of Continental's other properties in Colombia.
Continental Gold Garners Backing for Buriticá Project in Colombia
2017
Article (Journal)
English
Continental Gold garners backing for Buritica project in Colombia
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