Angkor Gold Receives Payment From Mesco

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Angkor Gold Receives Payment From Mesco

SEXSMITH, AB --(Marketwired - March 20, 2017) - Angkor Gold Corp. (TSX VENTURE: ANK) (OTC PINK: ANKOF) ("Angkor" or "the Company") is pleased to announce it has received ahead of schedule the payment of USD $50,000 from Mesco Gold Ltd. ("Mesco") towards Mesco's final tranche of their obligation under the Agreement of Purchase and Sale for Mineral Rights to the Phum Syarung Prospect.

A payment schedule was announced by the Company in a press release dated March 9, 2017 where Mesco agreed to pay to Angkor the remaining USD $500,000 in instalments, with the first payment of USD $50,000 to be made by Mesco on or before March 25th. Mesco paid the USD $50,000 ahead of schedule.

Mesco is obligated to make additional payments to Angkor of USD $30,000 every three months until the USD $500,000 is retired. If Mesco receives an amended mining license or begins to process ore at Phum Syarung, any remaining balance outstanding is immediately payable to Angkor.

Angkor retains a 2.0% to 7.5% sliding scale Net Smelter Return (NSR) on future production at Phum Syarung based on the price of gold.

ABOUT ANGKOR GOLD CORP.

Angkor Gold Corp. is a public company listed on the TSX Venture Exchange and is Cambodia's premier mineral explorer with a significantly large land package and a first-mover advantage building strong relationships with all levels of government and stakeholders.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

FOR FURTHER INFORMATION PLEASE CONTACT:
ANGKOR GOLD CORP.
Stephen Burega
Vice President of Corporate Development
Telephone: (647) 515-3734
Email: [email protected]
Website at: http://www.angkorgold.ca
Twitter @AngkorGold

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).