IGE Resources AB (OB:IGE) agreed to acquire Ghana Gold AB from Alluvia Mining Limited for SEK 77.3 million on January 23, 2013. The purchase price will be paid in SEK 50 million in cash and remaining will be paid in 50 million new shares of IGE Resources. The consideration also included 10% of the Net Smelter Royalty (NSR), the gross revenue from IGE's sale of metals from IGE's alluvial projects included in the partner agreement.

On closing, Alluvia will have transferred its partner agreement with Mineral Invest regarding the exploitation of Mineral Invest's alluvial gold license Wanga and the exploitation activities under the Moyale license in Ethiopia to Ghana Gold. The preferential rights of the shareholders are set aside for purposes of IGE to complete the transaction of Ghana Gold. The cash component has been secured by a pledge issued by Conventus Limited.

The transaction is subject to approval of shareholders of IGE Resources to be held on April 25, 2013. The transaction is expected to close by May 2013.