12th Oct 2020 15:13
Bluebird Merchant Ventures Ltd - Korea-focused gold firm - Says in process of increasing stake in South Korean projects to 100%. Independent expert appointed and a value will be determined within in the next 30 days, with Bluebird able to acquire Southern Gold's 50% joint venture interest for 90% of the value prescribed by the expert. In talks with prospective South Korean contractors to undertake work at Kochang and expects to update the market "in the coming weeks" that both a contract has been signed and when work will commence.
"We are excited to swiftly conclude the sales process, increase our stake in the gold projects to 100% and commence work on the ground at Kochang and advance towards producing gold," says Chief Executive Colin Patterson.
Current stock price: 5.30 pence
Year-to-date change: more than doubled from 2.40p at end of 2019
By Lucy Heming;Â [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Bluebird Mining Ventures