BRIEF-ASEC Co For Mining Says Unit Sells Around 35% Of Stake In Kurmuk Gold Project

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Nov 26 (Reuters) - ASEC CO FOR MINING ASCM.CA:

UNIT APM INVESTMENT HOLDINGS BVI SELLS AROUND 35% OF ITS STAKE IN KURMUK GOLD PROJECT IN ETHIOPIA TO ALLIED GOLD CORP
ALLIED GOLD CORP TO PAY $65 MILLION TO APM INVESTMENT HOLDINGS BVI IN 3 INSTALLMET STARTING SEP 30, 2024 TILL SEP 30, 2027
ALLIED GOLD CORP WILL ISSUE 11.5 MILLION SHARES TO APM INVESTMENT HOLDINGS BVI AT CAD 4.12 PER SHARE

Further company coverage: ASCM.CA

((Reuters.Briefs@thomsonreuters.com;))

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