Canadian gold producer and investor AfroCan Resources Gold has outlined its reasons for withdrawing from an equity transaction with Vantage Goldfields for the Lily gold mine, in Barberton. Through its attorneys in Sydney, Australia, AfroCan issued a letter to Vantage providing the reasons why AfroCan believed Vantage had “no grounds” on which to bring action or any claim “whatsoever” against AfroCan and that AfroCan would “vigorously resist” any such claim.
