Far East Gold Ltd (AU:FEG) has released an update.
Far East Gold Ltd has announced a significant partnership through a three-tranche share placement agreement with Hsing Yip Gold (Hong Kong) Mine Company, aiming to secure over A$14 million in investment for a 19.99% stake in the company. Shares are priced at a premium, and the deal brings the expertise of Xingye, a major Chinese mining entity, to support Far East Gold’s development of high-quality assets. The CEOs of both companies express enthusiasm for the strategic alignment and potential growth stemming from this collaboration.
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