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Lifebrandz to acquire Papua New Guinea gold mining firm for $212m

( July 13, 2016, 03:11 GMT | Official Statement) -- MLex Summary: SGX-listed brand development and management company Lifebrandz Ltd has agreed a non-binding term sheet with Asidokona Mining Resources to acquire the entire issued and paid-up share capital of Tolukuma Gold Mines in Papua New Guinea. The $212 million purchase, to be satisfied in its entirety by the allotment and issue of new Lifebrandz shares, requires the approval of shareholders and regulatory authorities, including the SGX-ST and the Securities Industry Council, if applicable.The company's statement is attached. ...

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