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Rose Petroleum close to drawing a line under Mexico gold asset sale

Matthew Idiens, chief executive of Rose Petroleum PLC (LON:ROSE) tells Proactive they've given Magellan Gold Corporation just over two weeks to complete the proposed acquisition of its San Dieguito de Arriba gold mill operation in Mexico.

The non-core asset sale was announced in March, with Magellan paying a US$100,000 deposit, but the buyer was supposed to have deposited a further US$900,000 of cash into escrow and previously, in June, Rose granted a 60-day extension to the option period.

 

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