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Shanta cancels Helio transaction, New Luika on track to meet FY guidance

By:  
Contributing Editor Online
 
GOLD
East Africa-focused Shanta Gold has cancelled its proposed £3.5-million buyout of TSX-V-listed Helio Resources. The transaction, which was announced in June, would have given Shanta control of Helio’s assets, adjacent to its own New Luika gold mine, in Tanzania.
 
 
 
 
 

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