Origo Partners Acquires 25% Stake In Kincora In Mongolia For US$3 Mln - Quick Facts
(RTTNews) - Origo Partners Plc (OPP.L: News ) announced the acquisition of a 25% stake in Kincora Ltd, owner of the Bronze Fox copper-gold prospect in Mongolia for US$3 million.
Kincora owns a 100% interest in the Bronze Fox prospect through a wholly-owned Mongolian subsidiary. Origo has also been granted an exclusive option, exercisable prior to June 30, 2011, to increase its shareholding to 75% for an additional consideration of US$12 million.
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Kincora owns a 100% interest in the Bronze Fox prospect through a wholly-owned Mongolian subsidiary. Origo has also been granted an exclusive option, exercisable prior to June 30, 2011, to increase its shareholding to 75% for an additional consideration of US$12 million.
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