Wia concludes Côte d’Ivoire gold asset sale to Santa Fe
ASX-listed Wia Gold has successfully completed the disposal of its noncore gold exploration interests in Côte d’Ivoire to fellow listed miner Santa Fe Minerals.
Wia in November last year announced a share sale agreement with Sante Fe, with Wia having been issued 20-million ordinary fully paid shares in Santa Fe and eight-million performance rights that convert to ordinary fully paid shares upon achievement of certain milestones.
In turn, Santa Fe gains ownership of Wia’s subsidiary Glomin Services, which holds an 80% interest in the Dialokoro, Makono, Ouest and Issia permits that are under renewal, as well as seven other permits that are under application in Côte d’Ivoire.
The divestment allows Wia to retain exposure to the Côte d’Ivoire permits through its shareholding in Santa Fe while focusing on advancing its flagship Kokoseb gold project, in Namibia.
