Zhaojin Mining Invests in Citigold
26 July 2010, Citigold Corporation today announced that it has received an investment of $2,000,000 from Zhaojin Mining Industry Company Limited ("Zhaojin"), a Hong Kong stock exchange listed leading China gold producer with 7 million ounces of reserves and 360,000 ounces of annual production.
Zhaojin, with 20 million shares, is now the 5th largest shareholder in Citigold. Negotiations continue for a larger deal that may see Zhaojin take a more substantial position in Citigold
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