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United States : ABZU GOLD and STONEHOUSE CONSTRUCTION ink definitive share purchase deal.

Abzu Gold Ltd. and Stonehouse Construction Pte Ltd have inked a definitive share purchase agreement.

According to the agreement and subject to certain conditions comprising TSX Venture Exchange and shareholder approval, Stonehouse will buy 22,727,273 units of Abzu.

The income from the investment will be utilized by Abzu for the progress of the firm's Nangodi project in Ghana, and for general corporate purposes.

Stonehouse will moreover take over operational management of the Nangodi project, which Abzu is earning an interest in pursuant to an option agreement with Kinross Gold.

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Publication:Mena Report
Article Type:Brief article
Geographic Code:1USA
Date:Oct 7, 2012
Words:104
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