GoldMining Inc. is pleased to announce that its wholly-owned subsidiary has entered into a binding term sheet for an earn-in agreement , pursuant to which, among other things,
Australian Mines Ltd. may acquire up to an 80% interest in the Company's Boa Vista Project , located in the Tapajós Gold Province, Pará State, Brazil in consideration for aggregate cash and equity payments of up to $7 million1, as described below. The Company presently owns an indirect 84.05% interest in the Project and, if the option is exercised in full, will retain a 20% interest at such time. Alastair Still, CEO of GoldMining, commented: "We are pleased to announce this option agreement which positions GoldMining to unlock value from its Boa Vista Project. At the same time, the transac...