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Pan Terra Industries to Pay $1.65M for Control of Namibian Miner

Pan Terra Industries Inc. has agreed to spend $1.65 million (Canadian) to buy a majority stake in a Namibian gold and coppper mining company.

The Vancouver-based company said Friday it will buy 80 percent of Congo Namibia Trading Ltd., which, among other assets, holds sole interest in five licenses in the Tsumeb Copper Belt. It also holds interests in Angola and Zimbabwe.

The definitive agreement is expected to be executed this month.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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