Resolute buys stake in Loncor Resources

By Michael Quinn / April 04, 2018 / www.mining-journal.com / Article Link

Via an unconventional deal that involves a C$2.6 million (US$2.03 million) investment in new Loncor shares plus a ‘share swap' of $2.5 million worth of Resolute shares for 25 million Loncor shares owned by Loncor founder Arnold Kondrat, the ASX miner has added to a portfolio that already includes a 27% stake in DRC gold explorer Kilo Goldmines (CN:KGL).

Recent News

Gold stocks down as risk on move continues

May 05, 2025 / www.canadianminingreport.com

Mixed outlook for resources on new Canadian government

May 05, 2025 / www.canadianminingreport.com

Gold's Bull Market Pullbacks

April 28, 2025 / www.canadianminingreport.com

Gold stocks down on metal drop

April 28, 2025 / www.canadianminingreport.com

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok