Aya Gold & Silver agrees to sell Azegour project to Sama Resources for shares
AYA•Aya Gold & Silver signed a term sheet to sell Morocco’s Azegour project to Sama Resources for common shares, which would represent up to 19.11% of Sama’s shares after issuance. Completion is subject to a definitive agreement.
1. Proposed sale
Aya Gold & Silver signed a term sheet to sell the Azegour project in Morocco to Sama Resources in exchange for common shares. The consideration would represent up to 19.11% of Sama’s issued and outstanding shares following issuance.
2. Completion conditions
The sale remains subject to a definitive agreement. Aya said the transaction would streamline its portfolio while retaining exposure to the copper-tungsten-molybdenum project’s future potential.
