Aim-listed Richland Resources has entered into a binding share purchase agreement (SPA) with the existing shareholders of Global Asset Resources (GAR) for the conditional acquisition of GAR.
GAR, through its wholly-owned subsidiary, Global Asset Resources Holdings, holds a 51% interest in and operatorship of four gold exploration projects − Jones-Keystone Loflin, Carolina Belle, Jennings Pioneer and Argo − in North and South Carolina in the US.