Business
Exploration Update - Cote d'Ivoire Gold Portfolio
Exploration Update - Cote d'Ivoire Gold Portfolio.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 9293B IronRidge Resources Limited 12 June 2019 \n\n12 June 2019\n \nAcquisition of Marlin Minerals\nBooster Minerals and CAPRI Metals\nGold Projects, Côte d'Ivoire\nIssue of Equity at Premium to Market \n \nIronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company'), the African focussed minerals exploration company, is pleased to announce that it has now completed acquisition of 100% of the share capital of each of Marlin Minerals SARL, Booster Minerals SARL and CAPRI Metals SARL (collectively the \"Vavoua Projects\"), which gives IronRidge full ownership of a further and highly prospective gold exploration portfolio in Cote d'Ivoire.\n \nHIGHLIGHTS:\n \nØ The acquisition of the Vavoua Projects is in return for the issue of 2,111,668 shares in IronRidge at 22 pence per share, a significant premium IronRidge share price\nØ Magnetics data confirms strike extension over 40km of a major Shear Zone which hosts the world-class 1.73Moz JORC compliant Abujar project to the south of the Vavoua portfolio\nØ IronRidge team to advance the projects and future growth strategies.\nØ Former shareholders of Marlin, Booster and CAPRI further endorse the IronRidge vision and strategy by voluntarily escrowing their IronRidge stock for 12 months. \nØ Cemented commodity and jurisdiction diversity.\nØ Streamlined operations with continuity and structure for future growth. \n \nReferences to figures relate to this release visible in PDF format by clicking the link below:\nhttp://www.rns-pdf.londonstockexchange.com/rns/9293B_1-2019-6-12.pdf\n \n \nCommenting on the Company's latest progress, Vincent Mascolo, Chief Executive Officer of IronRidge, said: \n \n\"We are delighted to have completed these significant acquisitions ahead of schedule and at a significant premium to the market. \n \n\"The Vavoua portfolio, which is in line with the Company's vision and growth strategy in Africa, represents a highly prospective ground holding with high-priority geophysical targets and gold targets along strike from the 1.73Moz JORC compliant Abujar resource in the Cote d'Ivoire.\n \n\"The acquisitions are part of our strategic plan in the region providing valuable synergies with the IronRidge team and its growth strategy of creating and sustaining shareholder value through the disco...