M&A

Curious deal involving Resolute-backed Manas falls over

RESOLUTE Mining-backed Manas Resources looks to have torched over A$1 million in a somewhat curious-looking case that sees it now walking away emptyhanded from the Victoria gold project in Tanzania.

 Whichever way you look at it, Manas' time in Tanzania was wasted.

Whichever way you look at it, Manas' time in Tanzania was wasted.

Manas made a pre-payment of US$800,000 last year to a company called Cienega as part of a $1.8 million cash plus $2 million in shares transaction over ground in the multimillion ounce Lake Victoria gold...

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