So, Japaul Gold and Ventures Plc are looking to raise a cool N20 billion through a special deal with some big investors. They’re doing this to boost their mining business and become a top player in the mining game. They’ve told the stock exchange and everyone else that the money they get will go towards expanding their minefields. They’re planning to do this by buying up 50% of H&H Mines and taking full control of Covenant Gems & Gold Minerals Limited in Eti-oni, Atakumosa, Osun State. They also want to set up a gold refinery to make the most of what they’ve got.
According to Japaul Gold and Ventures, H&H Mines has a massive 20,000kg of gold, and Covenant Gems & Gold Minerals Limited has a whopping 97% of mineable gold and copper in their minefields. Looks like they’re serious about striking gold!