Response from Naomi
We continue to experience a frustrating delay with the closing of the Gold Holding transaction. We understand they are experiencing some restructuring on their end of things. However, we continue to work toward a closing on the $41 million Twangiza transaction but cannot give a firm closing as we are offering Gold Holding as much flexibility as is possible.
It was our intent to close the Twangiza transaction then move on to the Namoya transaction so the delay in the first deal will cause a delay in the second deal. As soon as we have movement on the Twangiza transaction, we will issue a press release.