Possible Farm out for Ntorya

Thursday, March 22, 2018

Following recent inquiries Aminex advised that it is in discussions with Eclipse Investments LLC (‘Eclipse’), which is a related party, regarding a possible farm out of part of its interest in the Ntorya Appraisal Area.  Eclipse is a wholly-owned subsidiary of the Zubair Corporation and is the company’s largest shareholder. The Zubair Corp. is one of Oman’s leading business groups.

Any farm-out would be subject to Tanzanian government, shareholder and certain other approvals. There is no guarantee that a transaction will be completed. Shareholders will be updated when appropriate.

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