Unigold Consents to Acquisition of Americana by Malbex


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Unigold Inc. (UGD.V) has entered into an agreement with Malbex Resources Inc. (MBG.V) whereby Unigold has provided its consent to the acquisition of Americana de Explotaciones Mineras S.R.L. by Malbex.

Americana holds the concession on the 13,386 hectare Los Guandules Verdes property in the Dominican Republic, directly south of Unigold's Neita property.

Malbex has agreed to issue to Unigold 13,000,000 common shares in the capital of Malbex and grant to Unigold a 2% net smelter returns royalty in respect of all minerals produced from the property.

UGD shares were off half-a-cent at $0.34 while MBG shares last traded at $0.10.

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This article appears in: Investing , Commodities

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