New Golden Sceptre Minerals (VSE) says it is negotiating two joint venture agreements overseas.
One involves mining of a modest gold deposit in South America, while the other covers oil exploration and development in Eastern Europe. The company says both agreements, which are subject to regulatory and possibly shareholder approval, may be concluded by the end of the first quarter.
New Golden plans to raise substantial equity funds to finance the joint ventures by private placement or debt financing.
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