Altus Strategies grants Indiana more time to carry out assessment on gold projects

Writer, Stock Market Wire
Wednesday, March 13, 2019 - 09:26

Altus Strategies said Wednesday it had been granted Indiana Resources a 30-day extension to the exclusivity period until 6 May 2019, to complete due diligence on the Company's Lakanfla and Tabakorole gold projects.

The extension comes after the company on 7 February, announced that it had signed non-binding terms sheet to form a joint venture with Indiana on the Lakanfla and Tabakorole gold projects.

Under the agreement, Indiana would have the option to earn up to an 85% interest in the company's subsidiary Legend Mali (BVI) II, which held a 100% interest in the projects.

At 9:26am: (LON:ALS) Altus Strategies Plc share price was 0p at 3.5p

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