AGD austral gold limited
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News: AGD Troy Resources announces sales of interest in Casposo project to Austral Gold

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    07/03/16
    09:30
    Post #: 17203415

    March 7 (Reuters) - Troy Resources Ltd (TRY) :

    • Sale of Casposo (TRY)
    • Austral will acquire a 51% economic interest in Casposo for US$3 million
    • Reached agreement for the sale of its interest in the Casposo gold and silver project in Argentina (Casposo)
    • Austral will provide up to US$10 million pursuant to an initial capital investment plan
    • Says reached agreement for the sale of its interest in the Casposo gold and silver project Austral Gold
    • Co grants Austral an option to acquire the remaining 30% over a three year period commencing in December 2018 for a total consideration of US$7 million
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