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Record Resources Provides Clarifications On Deal With Private Equity Group To Develop Gold Project In Djibouti, Africa
August 30, 2023 – Record Resources Inc. (TSXV: REC) wishes to reissue its press release from August 28, 2023 with certain clarifications. The company is pleased to report that it has entered into a non-binding and arm’s length agreement to acquire preferred shares from a private equity fund that owns and is developing a gold exploration property in Djibouti, Africa.
The non-binding agreement is with the African Minerals Exploration & Development Fund III Sicar (AMED Fund III) registered in Luxembourg and Red Sea Gold B.V. and Nurtureex B.V., both of Utrecht, Netherlands. Red Sea and Nurtureex are AMED’s operating entities and are the developers of the Djibouti gold project. These parties collectively control 69% of Thani Stratex Djibouti Limited (TSDL). It is TSDL that holds the mining claims in Djibouti. READ MORE: https://recordgoldcorp.com/news/