Tag Archives: Asmara Project Acquisition

Sunridge Closes Transaction with China’s SRBM

Michael-Hopley-Sunridge
After completing payment of US$71 million in cash to Sunridge Gold, Chinese investor group ‘Sichuan Road & Bridge Mining Investment Development Corp. Ltd.’ or “SRBM” becomes the majority 60% interest owner of the Asmara Mining Share Company (“AMSC”).

By Sunridge Gold,

Sunridge Gold Corp. (the “Company” or “Sunridge”) (TSX.V: SGC/ OTCQX: SGCNF) is pleased to announce that Sichuan Road & Bridge Mining Investment Development Corp. Ltd. (“SRBM”) and the Company have completed the purchase and sale of Sunridge’s 60% interest in the Asmara Mining Share Company (“AMSC”) on April 26, 2016.

Sunridge has confirmed payments aggregating US$68.6 million have been received or are in transit: Continue reading Sunridge Closes Transaction with China’s SRBM