VAN 3.85% 7.5¢ vango mining limited

News: VAN Dampier Gold enters agreement with Vango Mining for development of K2 mine

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    Jan 17 (Reuters) - Dampier Gold Ltd (DAU)

    • Company and Vango Mining Limited have entered into a nonbinding heads of agreement
    • Pursuant to HOA, Dampier may contribute upto lesser of 50%of capex or $3 million to the development of K2 mine
    • Dampier intends to fund its share of K2 capex through a combination of Dampier's existing cash reserves totalling $3.48 million
 
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