China Kingstone Eyes Gold Mining Acquisition in Chile

China Kingstone Mining Holdings Ltd (HK:1380) has released an update.

China Kingstone Mining Holdings Ltd has entered a Memorandum of Understanding (MOU) with Sino-American Energy SpA for a potential acquisition involving seven mining rights of the Pureo Project, a gold mining venture in Chile. This move, announced after trading hours on October 24, 2024, could represent a significant transaction for the company. Investors are advised to exercise caution as the MOU is non-legally binding and further negotiations are pending.

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