M&A

Chalice, Sub-Sahara to tie the knot

GOLD juniors Chalice Gold Mines and Sub-Sahara Resources are set to merge their businesses in a move to consolidate ownership and fund development of the 1.04 million ounce Zara gold project in northern Eritrea, east Africa.

MiningNews.Net

Chalice, Sub-Sahara to tie the knot

The proposed merger will take place by way of a scheme of arrangement and will combine the cashed-up Chalice - which currently has $A10 million in the bank - with Sub-Sahara's 69% stake in the Zara project....

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