Newfoundland Discovery closes acquisition of Orenoxe, securing earn-in rights to Angola’s Ganda gold project
Bitget2026/09/22 12:05- Newfoundland Discovery closed its acquisition of Orenoxe Holdings, securing staged earn-in rights to up to 70% of GOLDANGO, with an option to 90%.
- GOLDANGO holds the 786 sq km Ganda gold concession in Angola’s Benguela Province, positioned as a district-scale exploration entry.
- Consideration includes USD 220,000 cash, USD 140,000 equivalent in kwanza for licence fees, deferred cash of USD 450,000 within 12 months.
- Equity component totals 19,000,000 Newfoundland Discovery common shares, with 9,900,000 issued at close at CAD 0.12.
- Remaining 9,100,000 shares vest upon USD 1 million of qualifying exploration spend within 24 months, subject to staged lock-ups.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Confidence among major Japanese manufacturers hits an eight-year high, fueling expectations for Bank of Japan interest rate hikes.
According to the quarterly Tankan survey released by the Bank of Japan on Thursday, the business sentiment index for large manufacturers rose from 22 to 24 in September, marking the sixth consecutive quarter of improvement and reaching the highest level in more than eight years.
$6.2 million, a whale withdrew 39,018 AAVE from an exchange
Synopsys (SNPS.US) partners with OpenAI to develop AI models for chip design, revenue-sharing model drives stock price up by 7%
On Wednesday, chip design software provider Synopsys (SNPS.US) announced that it has reached a partnership agreement with OpenAI. Both parties will jointly develop AI models for the chip business and share related revenues.
BoJ Summary of Opinions: Member says appropriate to keep raising rates in line with economy, price
Crypto prices
More
