Purchase of shares Vatukoula Gold Mines by Canadian Zinc Corporation
Sponsored LinksBack happening buying shares of gold mining companies, namely Vatukoula Gold Mines has sold 125 million new shares to Canadian Zinc Corporation with an investment of 1.5 million Pounds Sterling. This has resulted in increasingly strong position of Canadian Zinc Corporation in the Gold Mining Stock.
Vatukoula Gold Mines is a gold mining company in the UK listed on the AIM Market of London Stock Exchange, and currently owns and operates the Vatukoula Gold Mine located in Fiji, an island which has a high grade gold deposit.
Canadian Zinc Corporation Investment in Vatukoula Gold Mines is to increase the production of the annual average in order to reach 100,000 ounces at the beginning of the year 2011 will, as promised by the Vatukoula Gold Mines in the early discussions before buying shares.
This is also the lead Canadian Zinc Corporation to cancel the purchase of shares of the company American Eagle Resources Inc. with Project Tuwatu both were on the island of Fiji. Which indirectly caused the stock price of American Eagle Resources Inc. declined.
