Galane secures loan deal with Samsung
Wednesday, August 27, 2014
In a statement released to the Botswana Stock Exchange, the company said Samsung has agreed, subject to certain conditions, to provide the loan facility to Galane Gold in return for the sale and delivery by the company’s Botswana operating subsidiary, Mupane Gold.
Under the agreement, Galane will provide a minimum of 1,607 ounces of gold per month for a period of two years payable by Samsung at a fixed discount rate to the then prevailing spot price upon delivery.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...