Mining firm Amani Gold signed with Chinese Luck Winner Investment a memorandum of understanding (MoU) for a $25 million investment in the Giro gold project, in DR Congo. The funds which will be raised via the placement of 500 million shares at a unit price of 5c, will be used to finance metallurgical testwork and drilling for feasibility studies.
After the fundraising, Luck Winner, will be holding a 28% interest in the issued shares of Amani Gold. However, the deal is still subject to the successful completion of due diligence for the project and to shareholders’ approval.
“Subject to completion, this capital raising will put Amani in a very strong position to take the Giro gold project through to completion of feasibility studies […],” said the Amani’s chairman, Klaus Eckhof.
Formerly known as Burey Gold, Amani Gold holds in DR Congo the Tendao and Giro projects.
Louis-Nino Kansoun
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. Holmarcom already owns 2.41% of BMCI and acquired...
Burkina Faso and Morocco signed 12 legal instruments during the fifth session of their Joint Cooperation Commission. The agreements span key...
Côte d’Ivoire launches fourth PNSAR to boost youth employability Programme targets 152,237 youths with $47 million budget Internships,...
Mauritius will require foreign digital service providers to charge and remit 15% VAT from 1 January 2026. Companies earning more than MUR 3...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...