Alliance Global Capital Ltd
Alliance Global Capital Ltd: (Frankfurt Stock Exchange: A2DNBZ) Acquires a 50% stake in MAIFA MINING CORPORATION in Mali For $ 12.5 million
DGAP-News: Alliance Global Capital Ltd / Key word(s): Acquisition May 2, 2017. Sydney, Australia: Alliance Global Capital Ltd. Is pleased to announce that a contract has been signed by acquiring a 50% interest in the Gold Supporter Maifa Mining Corporation, based in Mali, which has existed since 2012 for USD 12.5 million.
The company promotes gold in Mali, especially in the Kokoyon region. The company employs a wide range of geologists, skilled workers and assistants. In addition, the company has created several projects in the infrastructure of localities such as Social facilities, churches, apartment buildings, sports facilities and community offices. Maifa Mining employs qualified employees who have been working for the company for more than 5 years and currently has six mining licenses for areas ranging in size from 10 to 70 square kilometers. Of the six licenses, a mine has reached the full production stage and has a complete production line. The site has the capacity and the possibility to process 500 tons of gold-bearing rock per day. Anil Kohli, CEO of Maifa Mining Corporation says: “We are very pleased with this joint venture. The entire investment of Alliance Global Capital Ltd is used to buy new equipment, such as earthmoving machines and vehicles. The new working capital is used to explore and develop our activities together with the local authorities. This will allow us to become the leading producer in the field. “ About Alliance Global Capital Limited: The company invests in other promising companies that need capital to fully benefit from market conditions and gain access to international activities. At present, Alliance Global Capital Limited has approximately 10 holdings in the portfolio, including Maifa Mining Sarl in Mali, which is currently constructing large-scale gold production in Mali. In addition to investing in the business model, the wholly-owned subsidiary, Alliance Global Capital Pte. Ltd. is established in Singapore by providing access to the stock exchange, private equity funds, hedge funds or even private investors so that the company is able to tap the necessary growth capital. The company’s primary investment objective is to invest in a targeted and transaction-oriented manner with the focus on a high added value for shareholders. Contact Alliance Global Capital Ltd .: Alliance Global Capital Ltd. Suite 214, Level 2, Lexington Drive, Bellavista, NSW 2153 Australia European Head Office: Tel: + 44-208 077 2791. Fax: + 44-208 077 2785 Www.allianceglobalcapital.com – Email: info@allianceglobalcapital.com
02.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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