India’s BIC West Africa to acquire two gold projects in Burkina Faso.
West African gold explorer Asara Resources has struck a deal with private gold exploration company BIC West Africa (BIC) for the sale of its non-core Kouri and Babonga gold projects in Burkina Faso.
The transaction, valued at $2.2 million includes an upfront non-refundable payment of $550,000 already received, a second payment of $550,000 due upon SPA execution, and a final payment of $1.1 million upon completion.
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