Volta Resources Inc. (TSX: VTR) (PINK: VLTAF) ("Company" "Volta")has signed a Definitive Agreement with Randgold Resources Ltd. The agreement is for Volta to purchase 100% interest in the Kiaka Gold Project in Burkina Faso for a combination of Volta shares and cash.
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The purchase price will consist of cash consideration of Cdn.$4,000,000 and 20,000,000 common shares of Volta. The aggregate consideration will be paid and issued over a 24 month period following the closing of the Acquisition. All shares that are to be delivered on the closing of the deal shall be placed in escrow pending proof of recordation of the license comprising the Kiaka Gold Project to Volta.
About Volta
Volta is a mineral exploration company primarily focused on becoming a leader in the identification, acquisition and exploration of gold properties in West Africa. The Company is committed to West African exploration and is Canadian-based with its head office in Toronto, Ontario and operations offices in Accra, Ghana and Ouagadougou, Burkina Faso.
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