Keegan Welcomes Highland Park Group as Strategic Investor and Recruits Highly Experienced Management Team for Development of Esaase Gold Project
-- Strategic alliance and financing with Highland Park raises an initial $32.5 million, with $37.8 million further investment potential. Significantly adds to Keegan's existing $186 million treasury. -- Appointment of experienced mine builders: Mr. Peter Breese as President and Chief Executive Officer ("CEO") and Mr. Tony Devlin as Chief Operating Officer ("COO"). Mr. Breese and Mr. Devlin's extensive record of mine development in Africa significantly de-risks the successful construction and operation of an efficient modern gold mine.
Keegan Resources Inc. (TSX:KGN)(NYSE MKT:KGN)(NYSE Amex:KGN) ("Keegan" or the "Company") is pleased to announce that it has arranged a private placement with Highland Park S.A. ("Highland Park") of Johannesburg, South Africa and some other investors.
- Published: 15 October 2012
- Written by Editor