Glencar says in a media release 
that a joint venture agreement has been struck relating to expenditure of up to $32-million on an 
exploration/feasibility study within its Komana licence area, in Mali, West Africa, in return for an interest of up to 65% in 
the Komana licence.


Glencar says that Gold Fields will hold 15% of the enlarged 
issued share capital of Glen-
car once the investment is 
ratified.


It says that the deal secures exploration investment for the Komana project, as well as the possibility of securing all future funding for a mine at Komana, and also provides sufficient 
finance to advance Glencar’s Solona project and other 
exploration interests in the 
region.

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