OTCQX:CGTFF - Post by User
Comment by
ukermannon Feb 05, 2019 6:47am
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RE:RE:NG/CGT and Reunion's private placement
RE:RE:NG/CGT and Reunion's private placementLatest News on Barrick-Reunion....New JV...
- Barrick Gold (GOLD -1.1%) says it will form a joint venture with South America-focused Reunion Gold (OTC:RGDFF) to explore the gold-rich Guiana Shield, which covers parts of Guyana, Venezuela and northern Brazil.
- Barrick, which also will raise its stake in Reunion to 20% from 15% currently, says it will fund an initial $4.2M on the projects with Reunion with subsequent funding shared equally between the two companies.
- Barrick says the deal will help it identify and buy tier one mines in the region.