Africa-focused miner seeks final approval for DRC acquisition

Photo: Central African Gold

Africa-focused miner Central African Gold has it is applying for final regulatory approval related to its acquisition of the Musefu gold project in the Democratic Republic of Congo (DRC).


The company “has agreed to amend the acquisition terms of the Musefu Gold Project by decreasing the number of shares being issued to the ven-dor to 5,000,000 shares. Central African has also decreased the number of related Finders' Fee shares to a total of 330,000 shares,” Central Afri-can Gold said in a statement.


Earlier this year, Central African Gold entered into an agreement with KBG Capital Sarl to acquire 100 percent of the company’s interest in an exclusive option agreement with La Societe Miniere de Bakwanga SA.


Central African Gold says it is a natural resource company focused on the acquisition, exploration, development, and operation of various base metal mineral projects in the DRC.