Roxgold Acquires Séguéla
Completes Acquisition & Commences Exploration Program Roxgold has completed the previously announced acquisition from Newcrest West Africa Holdings Pty Ltd. of a portfolio of 11 exploration permits in Côte d'Ivoire which includes the Séguéla gold project for a total upfront consideration of US$20 million. "We are very pleased to complete this highly accretive transaction that delivers on creating long-term value for our shareholders. The Séguéla gold project provides a second key asset with significant growth potential both in the near term through the near-surface Antenna deposit and attractive satellite opportunities as well as a highly prospective large land package. We will be immediately commencing a drilling program and a preliminary economic assessment study at Séguéla", stated John Dorward, President and CEO. Paul Weedon, Vice President, Exploration added, "This acquisition will materially increase Roxgold's overall resource inv