Company Overview and News
* Angkor Gold and Renaissance Minerals receive government approval for the Koan Nheak Joint Exploration Agreement
SEXSMITH, AB--(Marketwired - September 20, 2017) - Angkor Gold Corp. (TSX VENTURE: ANK) (OTC PINK: ANKOF) ("Angkor" or "the Company") CEO Mike Weeks is pleased to announce that Angkor has received the approval of the Cambodian Ministry of Mines and Energy to proceed with its joint project with Renaissance Minerals (Cambodia) Ltd ("Renaissance") on Angkor's wholly-owned Koan Nheak property. The approval of the Cambodian Ministry of Mines and Energy ("MME") clears the way for Angkor and Renaissance to proceed with their joint exploration plans of Koan Nheak under their Definitive Earn-In Agreement (the Agreement) announced July 12, 2017.
SEXSMITH, AB--(Marketwired - July 12, 2017) - Angkor Gold Corp. (TSX VENTURE: ANK) (OTC PINK: ANKOF) ("Angkor" or "the Company") CEO Mike Weeks is pleased to announce that Angkor has entered into a Definitive Earn-In Agreement (the Agreement) with Australian-based gold company, Emerald Resources NL (ASX: EMR) ("Emerald"), on Angkor's wholly-owned Koan Nheak property in northeastern Cambodia.
Emerald Resources NL (ASX:EMR) has become the registered holder of 96% of the fully paid ordinary shares of Renaissance Minerals Ltd (ASX:RNS) as part of a takeover offer. Emerald will now acquire the remaining Renaissance shares it did not acquire under the takeover offer in accordance with the compulsory acquisition provisions in the Corporations Act. Renaissance shareholders received 1.55 new Emerald shares for every 1 Renaissance share as part of the off-market takeover offer.
Two local gold hopefuls with interests in a Cambodian project have announced a merger, with Emerald Resources to buy Renaissance Minerals in a deal valued at about $40 million.
Renaissance Minerals Ltd (ASX:RNS) is targeting large gold systems in an emerging intrusive related gold province in Cambodia.
Emerald Resources NL (ASX:EMR) has been granted a trading halt by the ASX today, pending details in relation to a potential material transaction by the company. The halt will remain in place until the opening of trade on Wednesday 20th July 2016, or earlier if an announcement is made to the market. In May 2016, Emerald Resources commenced a gold exploration drilling program at the Okvau deposit which is located in Cambodia.
Cashed up Emerald Resources NL (ASX:EMR) shares surged after relisting on the ASX, following the satisfaction of all conditions precedent to the JV agreement with Renaissance Minerals Ltd (ASX:RNS) over the Okvau gold deposit in Cambodia. Emerald and Renaissance will move forward with an exploration program to upgrade the 1.13 million ounces of gold at 2.2. g/t indicated and inferred resource estimate at the Okvau Deposit.
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