ASX-listed Sams Creek Gold owners sell to newly incorporated Condamine Resources

Mon, 03 Jul 2017

By Sophie Boot July 3 (BusinessDesk) - The owner of the Sams Creek Gold Project, which sits atop what could be New Zealand's biggest undeveloped gold deposit, is selling its controlling stake in the project to a new company poised to list on the Australian stock exchange. ASX-listed MOD Resources has sold its 80 percent holding in Sams Creek Gold to Condamine Resources for A$3.8 million, but will retain up to a 15 percent stake in Sams Creek once Condamine completes a planned initial public offering this year. Melbourne-based OceanaGold C...

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