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Lifebrandz to acquire all shares in Papua New Guinea firm
Published Tue, Jul 12, 2016 · 09:50 PM
Singapore
LIFEBRANDZ on Tuesday said it plans to acquire all the shares of Tolukuma Gold Mines, a company incorporated in Papua New Guinea that owns a non-operational gold mine there, for US$212 million.
The purchase will be made by allotting new shares to the vendor.
Tolukuma also holds five exploration licences, and has one expl…
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