Copperbelt Katanga Mining’s Post

LONCOR GOLD SELLS MAKAPELA PROPERTY IN THE DRC Loncor Gold Inc (TSX: LN) (OTCQX:LONCF) (FSE:LO51), a Canadian gold exploration firm, has finalized a deal to sell its Makapela property in the Democratic Republic of Congo (DRC) for C$13.5 million in cash. The transaction structure involves a series of progressive payments, starting with an initial C$2 million deposit. CEO John Barker highlighted that Loncor had explored various partnerships over the past 18 months, some of which could have led to considerable equity dilution. However, the sale of the non-core Makapela property is viewed as an opportunistic means to secure significant non-dilutive financing. Barker emphasized…READ MORE HERE https://lnkd.in/dChiaAe6