.
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.
{"streaming_server":"rtmp:\/\/s2svek4dh1hfyu.cloudfront.net\/cfx\...
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.37 | $1.31 | $2.349M | 1.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6763 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 1808 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
