MONTREAL, QUEBEC--(Marketwired - Oct 1, 2013) -
Semafo Inc. (TSX:SMF)(OMX:SMF) today announced that the Corporation's heads of agreement with Middle Island Resources Limited (ASX:MDI) for the sale of a 100% interest in African GeoMin Mining Development Corporation Limited ("AGMDC") has expired. AGMDC, a wholly-owned indirect subsidiary of
Semafo Inc., holds an 80% interest in Société des Mines du Liptako (SML) S.A. ("SML"), owner of the Samira Hill gold mine in Niger. The Government of Niger owns the remaining 20% interest in SML. Closing of the transaction was subject to the fulfillment of several conditions prior to September 30, 2013. A number of said conditions were not fulfilled, including those pertaining to approvals and consents from t...
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