Wanguo Gold Group Issues Over 90 Million Consideration Shares for Acquiring 98% Stake in AXF Gold Ridge

MT Newswires Live

2024/10/09

Wanguo Gold Group (HKG:3939) issued 72,154,986 consideration shares to Golden Crane and 18,072,214 consideration shares to Prominence Investment at HK$8.12 per share under the specific mandate, for the acquisition of 20.22% interest in AXF Gold Ridge, a Wednesday filing with the Hong Kong Exchange said.

Golden Crane now has 7.86% of the enlarged issued share capital of the company while Prominence Investment has 1.97%.

The mining company now holds 98% share capital of the target company.

Price (HKD): $8.99, Change: $-0.070, Percent Change: -0.77%

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