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Ghana Gold has signed a Letter of Intent to acquire mineral exploration, production and commercialisation rights in the Central African Republic
According to the document, the World Sports Alliance Intergovernmental Organisation (WSA-IGO) will grant Ghana Gold mineral exploration, production and commercialisation rights to gold concessions of the WSA-IGO.
The rights to the mining concessions will be granted in a manner to enable Ghana Gold to operate under the permits, agreements and approvals of the WSA-IGO.
The terms of the letter are to be confirmed in a mining rights acquisition agreement schedule to be signed on or before 20 April 2013.
Ghana Gold Chairperson and CEO Elaine Affleck said, “We are pleased to have concluded our negotiations with the WSA-IGO and its project integrator WSA-Global.
“The mining rights represent a tremendous opportunity for our company, our shareholders and partners.”