Askia Equipment Ltd SYMBOL AZU-ESE STANDARD LISTING
Acquired assets from Askia Gold September 2016
Askia Gold is a long-standing exploration company with years of expertise and local knowledge in many African mining countries. With changes in legislation and a keen eye on the market, Askia moved into creating a blueprint to assist other mines with Equipment, Taxation Regimes, Local Integration Tools and Financing.
Askia Gold converted its Gold Mining assets into testing areas for its revolutionary Gold Washing plants. In time and in tune with sweeping regulation changes in many African countries, Askia has developed a washing plant that is efficient, robust, with no moving parts.
Askia Gold closed a round with Desert Hill Fund and LAIF to form a collaboration for both end user financing for all Gold Washing Plants and in country guarantees on all equipment supplied.
Asia Equipment ltd acquired the assets of Askia Gold Limited on 21st June 2016
ADMITTED FOR LISTING
Participating Private Equity Funds and Sponsors