AngloGold Ashanti to Invest C$22.1 Million in G2 Goldfields
19 Dezember 2023 - 1:05PM
Dow Jones News
By Adriano Marchese
G2 Goldfields said Tuesday that mining company AngloGold Ashanti
intends to make a 22.1 million Canadian dollar ($16.5 million)
investment in the company.
The Canadian miner said that it will issue 24.5 million shares
to the South Africa-based company, which has confirmed its
intention to complete the strategic investment.
The issued shares will represent an 11.7% stake in G2
Goldfields.
G2 Goldfields said that the net proceeds of the investment will
be primarily used to advance exploration activities at its Oko
project in Guyana.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 19, 2023 06:50 ET (11:50 GMT)
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