- Goldhills Holding (GHL) has acquired all issued and outstanding shares of Sun & Sand Mining & Metals Guinea SA for 18,142,838 common shares
- Sun & Sand Mining & Metals Guinea SA. holds a 100 per cent interest in the Siguiri Property located in Guinea, West Africa
- Upon completion of the transaction, SS Guinea will become a wholly-owned subsidiary of Goldhills
- Goldhills Holding Ltd. (GHL) opened trading at $0.23 per share
Goldhills Holding (GHL) has closed its share-exchange agreement for the acquisition of Sun & Sand Mining & Metals Guinea SA.
Sun & Sand Mining & Metals Guinea SA. is a holding company that holds a 100 per cent interest in the gold-focused Siguiri Property located in Guinea, West Africa.
Under the terms of the definitive agreement, Goldhills has acquired all of the issued and outstanding shares of Sun & Sand Mining & Metals Guinea SA for a total of 18,142,838 common shares of Goldhills.
Upon completion of the transaction, SS Guinea became a wholly-owned subsidiary of Goldhills.
Upon closing of the transaction, the company will have 39,505,911 common shares issued and outstanding.
The transaction has received TSX Venture Exchange approval.
The Siguiri Gold Project consists of two contiguous blocks covering a total area of 175 km2 located in Siguiri and 35km southwest of the Anglo Gold Ashanti Siguiri gold mine.
Goldhills Holding Ltd. is a Canadian exploration company.
Goldhills Holding Ltd. (GHL) opened trading at $0.23 per share.