AngloGold buys 15% stake in Australia’s Orinoco

Gold hopeful Orinoco has struck a strategic partnership with South African gold miner AngloGold Ashanti, under which it would receive a A$5.9-million capital injection in return for AngloGold taking a 15% stake in Orinoco. AngloGold will subscribe for more than 85.1-million shares in Orinoco, priced at 7c each, along with one free option for each share issued, exercisable at A$11c each on or before the end of January 2020.