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North River completes acquisition of Kalahari's Namibia assets



20 November 2009 @ 03:03 pm BST

North River Resources has completed the acquisition of Kalahari Minerals plc's gold and base metal assets in Namibia.

North River said all resolutions regarding the acquisition were passed at an extraordinary general meeting today (20 November).

The agreement between North River and Kalahari has been structured for the purpose of rapidly developing the Namibian assets which are prospective for gold, copper, lead and zinc, with the operational and financial support of Kalahari as North River's major shareholder with a 44.9% interest in the company.

Story provided by Business Financial Newswire

© 2009 BFNNews.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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