Australian Gold and Copper Ltd (ASX:AGC) MD Glen Diemar speaks with Proactive following news of the company’s $10.1 million investment from Hong Kong-based Delin Mining Group Cooperation Ltd. The share placement will result in Delin holding a 55% interest in AGC once completed. The transaction, which requires shareholder approval, will give AGC the funds to continue its search for gold and copper in the Cobar Basin of New South Wales, which is host to the high-grade CSA copper mine. A maiden drill program to test the high-priority Hilltop Target has been approved to commence as soon as the placement is completed.
Australian Gold and Copper says $10.1 million investment a big vote of confidence
