VANCOUVER, BC, June 8, 2022 /CNW/ - Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) (OTCPK: MAUTF) is pleased to announce that it has entered into an agreement (the "Agreement") with a subsidiary of Barrick Gold Corporation ("Barrick") and a subsidiary of Endeavour Mining plc ("Endeavour"), pursuant to which Montage will acquire a 100% interest (the "Transaction") in the Mankono-Sissédougou Joint Venture Project (as described below, and referred to as "Mankono"), which consists of three properties contiguous to the Company's Koné Gold Project ("KGP") in Côte d'Ivoire. Under the terms of the Agreement, Montage will acquire 100% of the issued and outstanding shares of Mankono Exploration Limited (a Jersey Company) ("MEL"), which indirectly holds Mankono, for total consideration of C$30,000,000 comprised of C$14,500,000 in cash, 22,142,857 common shares of Montage, and the granting of a 2% NSR royalty (allocated 70% to Barrick and 30% to Endeavour based on their relative ownership interest in MEL).
Read more at newswire.caMontage Enters into Agreement with Barrick and Endeavour to Expand Koné Gold Project and Arranges $20 Million Bought Deal Financing
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