AJN Resources (AJN-Cse) Decides Not to Proceed with Proposed Acquisition of Kibali Interest
Mar 1st 2020 - NR
AJN Resources announces that as a result of its due diligence and further information received, it will not proceed with its proposed acquisition of SOKIMO's 10% free carried interest in the Kibali Gold Mine, as announced in AJN's news release of February 6, 2020.
AJN continues to progress with its due diligence on the other projects listed in its February 6, 2020 press release. The gold licence numbers and equity interests to be secured include:
| Project Name | Licence Number ("PE" Permis Exploitation) | Interest | | Zani-Kodo | 5077, 5078, 5079, 5081 | 30% | | Giro Goldfields | 5046, 5049 | 35% (free carried) | | Wanga (Tendao) | 5045, 5050, 5054, 5056, 5069, 13062 | 35% (free carried) | | Nizi | 5109, 5110 | 30% (free carried) | | Kibali South | 13176 | 30% (free carried) |
About AJN Resources Inc.
AJN is a junior exploration company. AJN's management and directors possess over 75 years of collective industry experience and have been very successful from exploration, to financing, to developing major mines throughout the world with a focus on Africa and especially the Democratic Republic of The Congo DRC.
For further information, please contact Investor Relations:
Sheena Eckhof
Director, Investor Relations
sheena@eckhofconsulting.com
Visit us at www.ajnresources.com
TEL: (778) 218-9638
On Behalf of the Board of Directors
Klaus Eckhof
CEO and President
klauseckhof@monaco.mc |
