For anyone interested some light reading, have a good weekend...

For anyone interested some light reading, have a good weekend all.

ARL ("Akoase Resources Limited") and BXC Ghana have both confirmed the original USD10 million sale consideration and BXC Ghana has guaranteed the payment of the remaining cash consideration of USD 6 million.

Features of Deed include:

1. An agreed payment schedule of
- USD 2 million - already paid,
- USD 1 million to be paid by 31 May 2017, [paid 30 June 2017]
- USD 2 million to be paid by 30 June 2017;
- and USD 3 million to be paid by 31 December 2017
- a further USD 2 million via royalties from production

ABOUT BXC Ghana

BXC Ghana mainly operates in the electricity sector of Ghana, where it is a major supplier of power generation and distribution equipment. It engages with Ghana's Electricity Commission in network optimization; it operates sophisticated retail metering and payment systems in joint venture and has recently invested some USD 30 million in Solar power generation. In addition, BXC Ghana has invested in other gold exploration and mining projects in Ghana.

BXC Ghana's parent company is listed on the Shenzen Stock Exchange. It operates internationally as a leading industrial company, specializing in power management, manufacture electrical distribution equipment including switchgear, meters and accessories, as well as leading edge technologies that protect and enhance metering systems

http://www.abnnewswire.net/press/en...ASX-VKA)-Akoase-Gold-Project-Sale-Update.html