2625312 Ontario has acquired 4.9 million shares in God’s Lake Resources and 560,000 shares in Tough-Oakes Explorations for a consideration of C$1.4m ($1.07m) under a share purchase agreement with Michael Sheridan and Tough-Oakes.
The deal involves the purchase of 5.5 million common shares priced at C$0.2539 ($0.1951) a share, representing an approximately 59.96% stake in God’s Lake Resources.
All companies involved in the transaction are based in Canada.
2625312 Ontario is a provider of general, administrative and consultancy services.
God’s Lake Resources is engaged in the acquisition, exploration and development of mineral properties, while Tough-Oakes Explorations is wholly by Michael Sheridan, the President and Chief Executive Officer (CEO) of God’s Lake Resources.
Chenzhou City Jingui Silver Industry has agreed to purchase a 65% interest in Chifeng Yubang Mining for a consideration between CNY2bn ($312.84m) and CNY2.4bn ($375.4m).
Chenzhou City Jingui Silver Industry is engaged in the provision of silver mining services, while Chifeng Yubang Mining offers lead, zinc and silver mining services.
Both companies are based in China.
Kisan International Trading FZE (KIT) and Indian Potash Limited (IPL) have acquired a 37% interest in Jordan-based phosphate mining company Jordan Phosphate Mines (JPMC) for approximately $130m.
IPL will own a 27% stake in JPMC as a result of the deal, while KIT is expected to hold a 10% stake.
UAE-based KIT is a subsidiary of Indian Farmers Fertiliser Cooperative Limited (IFFCO) and is primarily engaged in the import and export of fertilisers, fertiliser raw materials and intermediates.
IPL is an India-based company focused on the manufacture and wholesale distribution of fertilisers.
Resolute Mining has agreed to acquire a 15% stake in Orca Gold for A$22.5m ($17m) as part of a cash and share transaction.
The agreement involves the subscription of 32.4 million new shares in Orca in two equal tranches, comprising 16.2 million shares each.
The two companies have also agreed to work together on exploring opportunities in Sudan, Côte D’Ivoire and Africa as part of the agreement, in addition to the identification and development of orebodies.
Australia-based Resolute Mining is involved in the mining and production of gold, while Orca is a Canadian operator of mines in Sudan.
The acquisition is expected to advance Resolute’s existing asset position and create new regional exploration and development prospects.