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October 8, 2010
Village Main Reef to acquire 74 percent of Cons Murch
Village Main Reef announced on Thursday that it has entered into a binding agreement, subject to certain conditions precedent, to purchase 74 percent of Consolidated Murchison mine, a R1.3 million ounce equivalent gold deposit, which produces both gold and antimony, from To The Point Growth Specialists for R30 million.
The remaining 26 percent of the issued share capital of CMM is held by a BBBEE staff trust for existing CMM employees.
Posted by StaffWriter at October 8, 2010 8:20 AM