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Now Alba has conditionally agreed to acquire a further 41% interest in GMOW - giving it 90% ownership of the Clogau Gold Project.
As part of the transaction, the vendor Victorian Gold has agreed to assign to Alba in full the approximately PS1m in loans owed to it by GMOW.
CCS Stellar Plc (AIM: CSS) on Wednesday said that the Exclusive Option Agreement (the License) granted to Gold Mines of Wales (Operations) Ltd (GMOW) has been renewed for one year from 10 February 2012.
On 2 December 2011, CSS Stellar plc said that it had completed an agreement to acquire 49% of the issued share capital of Gold Mines of Wales Limited which, through its wholly-owned subsidiary GMOW, holds the License.
It was announced last year that Alba Mineral Resources had snapped up a stake in Gold Mines of Wales Limited (GMOW), which owns the Clogau project situated within the Dolgellau gold belt.
It comes as Alba Mineral Resources confirmed it has taken a 49% interest in Gold Mines of Wales Limited (GMOW), which owns the Clogau Gold Project situated within the Dolgellau gold belt.
Alba Mineral Resources plc announced it now has a 49% interest in Gold Mines of Wales Limited (GMOW), which owns the Clogau project situated within the Dolgellau gold belt.
Stellar Resources has announced that the Crown Mineral Agent has formally approved a 12-month extension of the exclusive Option Agreement between the Crown Estates and Gold Mines of Wales (Operations) Ltd (GMOW).
GMOW currently holds an exploration licence covering an area of 120km2 which contains the entire Dolgellau gold belt, including the historic Clogau Gold mine.
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- Gmo Business Object
- GMO food
- GMO foods
- GMO foods
- GMP reductase
- GMP synthetase
- GMP TEA
- GMP-PDE alpha
- GMP-PDE beta
- GMP-PDE delta