(RTTNews) - Aultra Gold, Inc. (AGDI.OB: News ), operating internationally as Shamika2Gold, said it executed a definitive securities exchange agreement to buy a concession of gold and ruby exploration license in Cambodia. The area covered in the license comprise approximately 158 square miles in the Samlaut district adjacent to the Pailin ruby gem area.
Upon closing of the exchange, Shamika would buy approximately 85% of the capital stock from the Mauritius holding company which, upon formation and contribution, would hold the mining rights in exchange for 57 million shares of Shamika common stock and shares of Series B Performing Preferred Stock.
Montreal, Canada-based Aultra Gold, Inc. engages in exploring natural resources properties in the Democratic Republic of Congo.
Upon closing of the exchange, Shamika would buy approximately 85% of the capital stock from the Mauritius holding company which, upon formation and contribution, would hold the mining rights in exchange for 57 million shares of Shamika common stock and shares of Series B Performing Preferred Stock.
Montreal, Canada-based Aultra Gold, Inc. engages in exploring natural resources properties in the Democratic Republic of Congo.
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