M&A

Avocet Mining sells off another asset

Avocet Mining (LN:AVM) has sold off its fully-owned Norwegian subsidiary Wega Mining for US$400,000 in cash as part of its latest bid to pay back its major creditor.

Avocet previously sold off the operating Inata gold mine in Burkina Faso (pictured)

Avocet previously sold off the operating Inata gold mine in Burkina Faso (pictured)

It said in a release it had already signed and completed the disposal of the subsidiary and certain inter-company receivables, with cash proceeds received and shareholder approval not required. Avocet...

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