Business News • MarketWire • 99 Capital Corporation to Acquire six African Gold Properties |
99 Capital Corporation to Acquire six African Gold Properties |
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99 Capital Corporation to Acquire six African Gold Properties
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 6, 2010) - 99 Capital Corporation (the "Company") (TSX VENTURE:WDG) is pleased to announce that it has entered into an agreement (the "Transaction") to acquire a 66.5% interest in six historically past-producing gold mines located in the Giyani Greenstone belt of South Africa (the "Giyani Gold Project"). These properties include the Klein Letaba, Frankie, Horseshoe 1 & 2, Birthday, and Louis Moore and are located in an area which has historically contained high grade, near surface, multi-million ounce deposits. In connection with the Transaction, the Company also announces a non-brokered private placement offering for gross proceeds of up to CAD$9 million (the "Offering").
View More : http://www.marketwire.com/mw/release.do?id=1330905&sourceType=3
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