Upcoming EventsMar27MonMar28Tueall-day 4th African Islamic Finance summit @ Hyatt Regency4th African Islamic Finance summit @ Hyatt RegencyMar 28 – Mar 29 all-day4th African Islamic Finance summit read moreShareApr4TueApr6Thuall-day Global Forum on EPC Project Mana...Global Forum on EPC Project Mana...Apr 6 – Apr 7 all-day6th – 7th April, Berlin Conference overview EPC Project Management is the “Heart” of internal and external Operational division of Power and O&G industries with its own Scale and Complexity. With the current challenges and the drop in the oil price, Contract … Continue reading →Apr17Monall-day Future Play & Playspaces MENA 2017 @ DubaiFuture Play & Playspaces MENA 2017 @ DubaiApr 17 – Apr 18 all-dayFuture Play & Playspaces MENA has been specifically created for those developing, designing, building and equipping indoor and outdoor play facilities across the MENA region. It’s an event dedicated to showcasing the growing business opportunities in this rapidly expanding sector. … Continue reading →Apr24Monall-day 3rd Congo International Hydrocar... @ The Palais des Congres, Brazzaville3rd Congo International Hydrocar... @ The Palais des Congres, BrazzavilleApr 24 – Apr 26 all-dayOn behalf of the Ministry of Hydrocarbons, Republic of Congo & AME Trade Ltd, we are delighted to welcome you to the Republic of Congo’s Third International Oil and Gas Conference and Exhibition (CIEHC-3). CIEHC will take place at the … Continue reading →
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“It is only through collaboration between education, innovation and business that we will be able to take our country forward and make Cape Town a global African city of inspiration and innovation.”
Outlook is Substantial Overcapacity, Between 59% and 100% of Demand
Toronto, Ontario –January 20, 2012– Legend Gold Corp. (the “Company” or “Legend Gold”) (TSX.V: LGN)is pleased to announce the final completion of the acquisition of the Mougnina Property permit. As previously announced on June 28, 2011 and October 7, 2011, Legend Gold acquired the Mougnina Property from AGMEX SARL (“Agmex”), a company controlled by Ambogo Guindo, a director and officer of the Company. The exploration permit for the Mougnina Property has now been registered in the name of the Company’s Mali subsidiary. In accordance with the purchase agreement, Legend Gold shall now issue 4,000,000 common shares of Legend Gold to Agmex, pay Agmex Cdn$250,000, and grant to Agmex a 2% net smelter returns royalty on the Mougnina Property (the “NSR Royalty”). Legend Gold has the right, exercisable at any time, to purchase one-half of the NSR Royalty for Cdn$1,000,000, and to purchase the balance of the NSR Royalty for Cdn$3,000,000.
Doug Perkins, President & CEO of Legend Gold, said “We are pleased to complete the acquisition of the Mougnina Property. We have had the opportunity to observe the development of Mougnina from early stage prospect to its current state of being a significant gold exploration target. Agmex has been successful in developing eight extensive gold targets from a combination of soil geochemistry, termite mound sampling, pitting, and auger drilling. Mougnina is located on highly prospective ground only 8 kilometres from the Syama mine. Based on observations of ancient artisan mining sites, remote sensing data, and Agmex’s recent work it is now considered that the Mougnina property is located along strike from lithotectonic units that host the Syama mine. Because of their proximity to a proven discovery at Syama, and the extensive nature of the Mougnina anomalies, Legend is very excited to have the opportunity to advance these targets to the next stage of discovery.”