Axmin's Closes Its Acquisition Of The Monority In Its Komahun Gold Project, Sierra Leone
Thursday, 17 February 2011 10:35
Axmin Inc. announced that it has closed its previously announced acquisition of the minority interest in the Nimini Hills East and West licences (Komahun Gold Project), thereby increasing AXMIN’s ownership in the Project to 100%.
As consideration for this acquisition the Company has issued today an aggregate of 4,388,370 common shares of AXMIN to Eldorado Gold Corporation (“Eldorado”) and Flaxman Corporation NV (“Flaxman”). Immediately following the issue of stock, AXMIN will have a total of 627,968,904 common shares outstanding.
