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Provider: Reuters Investment Profile

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Merah Resources Ltd Acquires Project In Uganda

Thursday, 15 Nov 2012 07:05pm EST 

Merah Resources Ltd announced that it has entered into a heads of agreement (HOA) to acquire 100% of the issued share capital of Goldspy Africa Limited (Goldspy), a company incorporated under the laws of the Republic of Uganda (Transaction) from East African Prospecting Pty Ltd (the Vendor). Goldspy holds the Concessions that are located in the south eastern province of Uganda, approximately 150 km east of the capital, Kampala and are intersected by the Kampala to Mumbasa highway linking to the commercial port in the Kenyan city of Mumbasa. 

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