Turaco Gold to Buy Sodim’s 20% Afema Project Stake for US$79 Million
Turaco Gold has an option to acquire JV partner Sodim’s 20% interest in the Afema Gold Project for US$79 million, funded through an A$120 million placement. Morgans analyst Flynn Tyson likes the deal’s financial terms.
Turaco Gold's step toward owning the Afema Gold Project outright gets a tick from Morgans. Turaco Gold has an option to buy JV partner Sodim's 20% interest in the project for US$79 million. It is funding the deal through an A$120 million placement. Analyst Flynn Tyson likes the deal's financial ter…