Angkor Gold Completes First Strategic Transaction: 78 Sq Km of Oyadao Licence in Cambodia Sold for USD $2.4 Million
Angkor Gold Corp (ANK.V) has entered into a purchase and sale agreement with All Solutions (Cambodia) Co. Ltd., a privately held company in partnership with Chinese gold miner, Canxiang Mining Co Ltd. pursuant to which Angkor has agreed to sell to Allsol all of its right, title and interest in and to a 78 km subsection of its 300 km Oyadao tenement in exchange for US$2.4 MILLION.
Under the agreement, it is intended that a new exploration licence covering the subsection to be sold to Allsol will be issued to Allsol and that a new exploration licence covering the remaining 222 km will be issued to Angkor.
Angkor will retain 100% ownership of the New Oyadao Licence, which contains other highly prospective areas of interest, including Phum Puik, Sesan North and Phum Lomh, all of which have significant gold anomalies.
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