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Feb 21, 2022 06:09 PM (GMT+8) · EqualOcean
Hunan gold announced that the company's proposal on the acquisition by a wholly-owned subsidiary of the general survey and exploration right of Quxi gold mine in Pingjiang County, Hunan Province approved Huangjindong mining to acquire the exploration right of Quxi gold mine held by Julong mining with its own funds, and authorized the management of the company to handle matters related to the acquisition of the exploration right. The purchase price is 23.0297 million yuan (the transaction price is the evaluation price of the exploration right of Quxi gold mine). If the resource reserves proved by Huangjindong mining in the future exploration work exceed the amount of 5148 kg of gold metal specified in the framework agreement signed by both parties on January 29, 2019 (subject to the resource reserves recorded by the Department of natural resources), both parties will discuss compensation matters in accordance with the original framework agreement.

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