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Resolute buys stake in Loncor Resources

Resolute Mining (AU:RSG) has bought a 27% stake in TSX-listed Loncor Resources (CN:LN), holder of substantial ground positions in the Democratic Republic of Congo’s Orientale and North Kivu provinces, effectively doubling down on a potential future in the country.

Resolute buys stake in Loncor Resources Resolute buys stake in Loncor Resources Resolute buys stake in Loncor Resources Resolute buys stake in Loncor Resources Resolute buys stake in Loncor Resources

Syama pit

Via an unconventional deal that involves a C$2.6 million (US$2.03 million) investment in new Loncor shares plus a ‘share swap' of $2.