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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Post by socalbernieon Apr 15, 2011 7:57am
564 Views
Post# 18435552

Ghana out, Senegal in?

Ghana out, Senegal in?

Iamgold to sell its interest in 2 Ghana mines for $667 mln

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"We cannot fully leverage our skills and experience in developing and operating mines if we are not the operator and have a minority interest in the mine," Chief Executive Steve Letwin said in a statement.

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The mid-tier gold miner said it will have more than $1 billion in cash, cash equivalents and gold bullion (at market),upon completion of the transaction.

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Offer for Oromin & the rest of OJVG by July or August, 2011?
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