Metaliko Resources welcomes substantial shareholder Tyson Resources
Metaliko Resources (ASX: MKO) has received a vote of confidence from Tyson Resources, with Tyson taking up a substantial shareholding in the company.
On December 13, 2011, Tyson Resources acquired 8 million Metaliko shares, at a price of $0.06 per share.
The holding equates to a 13.26% interest in Metaliko.
Metaliko has a number of gold exploration projects in Western Australia's Eastern Goldfields region, with drill programs underway.
In addition, the company has signed an agreement with Kalgoorlie Mining Company to process ore from Metaliko's Anthill Mine at Kalgoorlie Mining's Bullant treatment plant when it becomes operational.
Kalgoorlie Mining will undertake the development, mining, transport and treatment of Anthill.
Proceeds of gold sales will be shared equally between the two companies
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