M&A

Manas into Tanzania

LONG time Kyrgyzstan gold hopeful Manas Resources has switched attention to the Lake Victoria gold field in Tanzania, with a deal to acquire 350 square kilometres of exploration ground for $US2 million cash and $US2 million worth of shares.

Michael Quinn
Manas into Tanzania

Manas, which is trying to sell the attractive looking (but long problematic) Shambesai gold project in Kyrgyzstan, said while it understood some of the Tanzanian ground was subject to joint venture or...

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