Feb 25, 2022 06:08 PM (GMT+8) · EqualOcean
Western Gold announced that on February 25, 2022, the company received the reply from Xinjiang SASAC forwarded by the controlling shareholder Xinjiang nonferrous metals industry (Group) Co., Ltd. and agreed in principle to issue about 245 million shares proposed by the board of directors of Western Gold Co., Ltd. to purchase aketao baiyuanfeng Mining Co., Ltd Aktaukebang Manganese Industry Manufacturing Co., Ltd. and Xinjiang Mengxin Tianba Mining Investment Co., Ltd. have 100% equity, and issue shares to no more than 35 qualified specific objects to raise no more than 400 million yuan of supporting funds.