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Volta back away from Gabon buy

4th February 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Emerging iron-ore miner Volta Mining has terminated its conditional sales agreement with Core Mining to acquire the Kango exploration licence, in Gabon.

At the start of January last year, Volta executed a conditional tenement sales agreement with Core Mining, which would see the transfer of the Kango licence to Volta’s Gabonese subsidiary Fer Mining SA, for $175 000, and the issue of nine-million performance shares.

However, Volta and Core have now mutually agreed to terminate the sales transaction.

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Edited by Creamer Media Reporter

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