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25th May 2012
GOLD 1571.60 $/oz
PLATINUM 1431.00 $/oz
R/$ exchange 8.39
R/€ exchange 10.50
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Gold One plans to spin off Megamine project
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Address to refer:
http://www.miningweekly.com/article/gold-one-plans-to-spin-off-megamine-project-2010-03-15
Article Headline:
Gold One plans to spin off Megamine project
Abstract:
ASX- and JSE-listed gold junior Gold One plans to spin off its Megamine project into separately JSE-listed company, CEO Neal Froneman told Mining Weekly Online on Monday. The Megamine project consists of prospecting rights over 16 000 ha in South Africa’s Witwatersrand basin. By listing a separate entity for the development of the Megamine project, Gold One would be able to raise capital without diluting shareholder value, Froneman said in an interview on the sidelines of the Paydirt Gold conference in Perth.
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