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Siyakhula Sonke Empowerment Corporation
Taung Gold has made a offer to the joint BRPs of Vantage Goldfields, Makonjwaan Imperial Mining Company and Barbrook Mines to acquire Lily and Barbrook.
SSC and its subsidiary, Flaming Silver Trading 373, hereby give an update in light of a judgment handed down on 17 July 2019 at the Mbombela High Court.
The matter of resolving the sale of the Barbrook and Lily gold mines has had too many delays given the urgency of the matter, that Lily Mine is of public knowledge and interest and that the matter will be finalized - Mpumalanga High Court.
The fate of the Lily and Barbrook gold mines in Mpumalanga hang in the balance as Siyakhula Sonke Empowerment Corporation (SSC Group) and its subsidiary Flaming Silver, have turned to the Mpumalanga High Court to resolve a dispute with Vantage Goldfields South Africa regarding a sale of shares agreement for the two mines