Azumah completes A$17m earn-in documents

Gold developer Azumah Resources has finalised a A$17-million earn-in agreement with private equity group Ibeara Capital over the Wa gold project, in Ghana. The agreement, which was announced in early August, will see Ibeara earn an initial 42.5% interest in Wa by spending $11.25-million over a two-year period. If additional funds are required to achieve the joint venture (JV) objectives, Azumah could elect not to participate in the funding, leaving Ibeara to sole fund the next A$2.8-million to earn an additional 5% interest in the project.