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GoldHills Holdings Signs a Definitive Agreement to Acquire a 100% Interest in the Siguri Gold Project in Central Guinea
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - GoldHills Holdings Ltd. (TSXV: ...
About this update from Goldhills Holding Ltd.
[{"type":"text","content":"GoldHills Holdings Signs a Definitive Agreement to Acquire a 100% Interest in the Siguri Gold Project in Central GuineaVancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - GoldHills Holdings Ltd. (TSXV: GHL) (OTCQB: GODZF) (FSE: GRYA) (\"Goldhill\" or the \"Company\") is pleased to announce it has signed a share exchange agreement with Sun & Sand Mine and Mineral Trading DMCC. (\"Sun & Sand\") dated June 29, 2021 as amended July 6, 2021 (as amended, the \"Definitive Agreement\"), for the acquisition of a 100% interest in its gold focused Siguiri Property (the \"Siguiri Gold Property\") located in in Guinea, West Africa (the \"Transaction\").Highlights of the Transaction:• Gold project is complemented by a seasoned international team led by Sergei Stetsenko.• 175 km2 land package contiguously located 35 km southwest of Anglo Ashanti's Siguiri gold mine.The TransactionUnder the terms of the Definitive Agreement, Goldhills has agreed to acquire all of the issued and outstanding shares of Sun & Sand Mining & Metals Guinea SA (\"SS Guinea\"), which holds a 100% interest in the Siguiri Gold Property and, in consideration of which, Goldhills will issue to Sun & Sand or its delegates, a total of 18,142,838 common share of Goldhills. Upon completion of the Transaction, SS Guinea will become a wholly-owned subsidiary of Goldhills.The Company currently has 18,513,073 common shares issued and outstanding. Upon closing of the Transaction, the Company anticipates it will have a minimum of 36,655,911 common shares issued and outstanding.The Transaction is subject to TSX Venture Exchange approval and other commercially reasonable conditions for the Transaction. The Transaction will constitute an arm's-length transaction. Further information will be set forth in a subsequent news release and in associated documents to be filed on www.sedar.com.The Siguri Gold ProjectThe Siguiri Gold Project is a gold exploration property wholly owned by Sun & Sand Mining & Metals SA. The property consists of two contiguous blocks covering a total area of 175 km2 located in Siguiri and 35km southwest of the Anglo Gold Ashanti Siguiri gold mine. The Siguri region has a record of historic production dating back to the 13th century.and is one of the first - gold producing regions in west Africa. The reader is cauti...