.
Chalice Gold Mines Limited (ASX:CHN) has agreed to sell its remaining 60 per cent stake in the Zara project to a subsidiary of Shanghai Construction Group.
It follows the agreement made in the middle of this year to sell a 30 per cent interest to the Eritrean National Mining Corporation, adding to the 10 per cent it already owns.
Under the new agreement the Chinese company will pay Chalice $US 80 million for the mineral resource and an additional sum of up to $US20 million for the balance of the area falling within the Zara project. Due diligence is to be completed by mid-March next year.
Chalice reported a net loss of $3.8 million for the year to June 30, 2011.
News: Chalice sells Zara
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.34 |
Change
-0.050(3.60%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.33 | $2.161M | 1.585M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18387 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 3757 | 2 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
