Echo Bay Mines (TSE) can acquire 65.67% of Etruscan Enterprises’ (VSE) 67% interest in the Kom Bangou gold property in Niger for US$20 per oz. gold for the first million ounces produced, and US$25 per oz. for any additional gold produced.
The terms of the deal were incorrectly stated in the June 19 issue.
Echo Bay has an approximate 14.5% equity interest in Etruscan.
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