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Oakdale to acquire gold processing plant in Peru

Oakdale Resources Ltd. said Nov. 12 that it signed a term sheet to acquire a gold processing plant in Peru by purchasing the issued share capital of private company Ozinca Australia Pty Ltd.

Through its Ozinca Peru SAC subsidiary, Ozinca holds contractual rights to acquire the plant from Minera Aurifera Chimu SAC.

The deal is subject to shareholder approval and due diligence proceedings.

In August, Oakdale terminated a deal to acquire up to a 51% interest in Africa Mineral Sands Pte. Ltd., which owns the Vast mineral sands project in South Africa.