Sikaman sells equity in Ghanaian gold project

Sikaman has a buy-back option to acquire 11.5% of the $105-million project between Oct 1, 1990 and Sept 30, 1991. The Ghanaian government holds 10% of Bogosu and the World Bank 9%.

The sale allows Sikaman to participate in the project while raising development capital without diluting the company’s share value, Dennis Bleifuss, Sikaman’s vice- president investor relations told The Northern Miner.

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