Angkor Gold (V.ANK) says financing deal puts Cambodia ‘in play’

15 April 2014
Stockhouse
Concessions / Economic policy and administration / Economy and commerce / Extractive Industries / Extractive industries policy and administration / Foreign investors / Gold / Government / Industrial mining / International relations / Investment / Land / Minerals and mineral products / Mining / Public land lease / Trade / Trade policy and regulation
Angkor Gold Cambodia / Angkor Gold Corp / Beijing Eplo-Tech Engineering Co. Ltd. / Mike Weeks / Tohui Beishan Property Group Holding Ltd.

Angkor Gold Corp. (TSX: V.ANK, Stock Forum) has entered into a strategic alliance with Hong Kong-based Tohui Beishan Property Group Holding Ltd. (TG) that could provide up to $10.5 million for exploration in Cambodia, Angkor said Monday. The strategic alliance between Angkor and TG includes TG’s ability to acquire up to 15.8 million shares of Angkor and up to 15% of the share capital of its wholly-owned Cambodian subsidiary, Angkor Gold Cambodia over the next 12 months. Angkor said TG brings to the alliance a consortium of associates, including Beijing Eplo-Tech Engineering Co. Ltd. (BETEC) and the China Chemical Geology and Mine Bureau Shandong Geological Prospecting Institute. … “We have been working on this transaction since last fall and are thrilled to have China’s best exploration expertise available to fast-track our projects,’’ said Angkor Chief Executive Officer Mike Weeks in a press release. He said the alliance is a clear indication that Cambodia is a ‘country play.’ …

 Stockhouse News Staff
http://www.stockhouse.com/news/newswire/2014/04/14/angkor-gold-v-ank-says-financing-deal-puts-cambodia-play