SBL 0.00% 0.1¢ signature metals limited

Ann: Million Ounce Gold Project Optioned , page-10

  1. 11,407 Posts.
    All up SBL will pay upto $5 million worth to Mwana Africa and will get 70% of a $880,000,000 gold mine.

    See details and pic below:

    Acquisition will be by payment of 50 million
    Signature shares or A$1million in cash.

    Consent will be required from the Ghanaian Minerals Commission prior to the transfer of ownership of the project.

    A further payment of 50 million shares or A$1million
    in cash will be paid to Mwana upon delineation of one million ounces in the Measured & Indicated JORC Code-compliant resources.

    A final payment of A$3 million in equity or cash will be paid following production of 100,000 ounces from the project.

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