Tan gold (00621-HK) Published, wholly-owned subsidiaries of the company Bright Quality Management Limited As the buyer, and seller Ma Zhijun and guarantor New Promise International Limited Entered into a purchase agreement, according to which the Bright Quality 1.46 Hong Kong dollar purchase Sunlit Global Holdings Limited All of the issued shares.
Sunlit Global Holdings Limited For the establishment of the British Virgin Islands private limited are held China Reko Garok Minerals Investment Corporation20% The issued share capital. China Reko Garok Minerals Investment Corporation holds Pakistan Reko Garok Gold Minerals (Private) Limited70% issued share capital. Pakistan Reko Garok Pakistani beiluzhisheng copper-gold mineral exploration and associated warrants. After completing the proposed acquisition, the company indirectly held Sunlit Global 100% issued share capital and Pakistan Reko Garok 21% the issued share capital.
Pakistan Reko Garok Major lines of business for gold and copper exploration, 70%EL127 Exploration for c of e holders of valid legal and has submitted EL127 Warrants converted for exploration mining permit application. Until the mining permit has been issued or the conversion application is rejected ( if applicable ),EL127 warrants for exploration will continue to be valid. According to the seller to provide information published in this day,Sunlit Global, Pakistan Reko Garok EL127 exploration, warrants not in EL127 Any warrants exploration area for exploration and production.
EL127 Area consists of three mineral composition, named North and South Bo Jia, Dong Bojia, Dudley, EL127 Area chagaidiqu, Pakistan Nok Kundi About West of the North 68 Km, along the Iranian border West of Pakistan, Pakistan the target company now has a total area of about 98 Square kilometers. Pakistan Reko Garok submitted EL127 prospecting right transfer in mining applications. EL127 exploration and contain different site warrants, has more economic value potential of the copper-gold mine reservoir.
Board of Directors believe that the proposed acquisition will complement the company's existing assets in South Africa and Indonesia gold combination of famous and important copper-gold porphyry mineralization area provide stronghold. In the copper consumption and prices are expected to show a strong case, it more companies to provide the copper market entry point.