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News: RED Red 5 Divests Siana Gold Project

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    29/07/21
    09:50
    Post #: 54859043

    July 29 (Reuters) - Red 5 Ltd (RED) :

    • DIVESTMENT OF SIANA GOLD PROJECT-RED.AX
    • US$19 MILLION CASH PAYABLE UPON COMPLETION OF DISPOSAL
    • TVI RESOURCE DEVELOPMENT IN ADVANCED STAGES OF SECURING FUNDING TO RESTART SIANA GOLD PROJECT
    • SIANA GOLD PROJECT EXPECTED TO RE-COMMENCE OPERATIONS IN H1 2023
    • ENTERED BINDING AGREEMENT WITH TVI RESOURCE DEVELOPMENT TO DIVEST GREENSTONE RESOURCES CORPORATION
    • TVIRD WILL BECOME 100% OWNER OF GRC
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