Kodal Minerals - Re: KOD Stream Log - SP Angel's note on Kodal...

SP Angel's note on Kodal is up on Research Tree: "Kodal Minerals has announced the successful completion of its acquisition of a portfolio of west African gold exploration properties from Australian listed Taruga Gold. The acquisition of Taruga’s wholly owned subsidiary, International Goldfields (Bermuda), for £410,000 in new Kodal shares leaves Taruga Gold with a 27.45% interest in the enlarged company. Kodal reportsthat “Taruga intends to distribute the Consideration Shares on 3 June 2016 as an in specie return of capital to Taruga shareholdersâ€￾. In addition, Kodal Minerals has raised £680,000 through the issue of 1,700m new shares at a price of 0.04p/share to progress the exploration of the newly acquired west African properties and the existing Norwegian assets. The successful acquisition of a suite of gold exploration properties in west Africa marks a new chapter in Kodal Minerals’ evolution. Exploration of a number of the projects is being funded through joint-ventures with major mining companies which should limit Kodal Minerals financial exposure while retaining significant exposure to any successful discoveries..."