Moto Goldmines Signs JV Agreement For Moto Gold Project In DRC

Moto Goldmines, Ltd. has announced the signing of a 70%/30% joint venture agreement with L'Office des Mines d'or de Kilo-Moto, which establishes a joint-venture company for the Moto Gold Project in the Democratic Republic of the Congo. Under the term of the agreement, which is spelled out in the news release, Moto must pay US$4.5 million for a "pas de porte."

This item was webbed this morning. In yesterday's trading, Moto closed at $2.84 for a drop of 9 cents on the day. Current bid - ask is $2.85 - $3.00, indicating a higher open.

The company's Google Finance web page is here.

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