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Vantage to ‘hold AfroCan to account’ on Lily mine deal withdrawal

Canadian gold producer and investment company AfroCan Resources Gold, which committed to investing $11.3-million in South African gold miner Vantage Goldfields has breached the agreement and failed to remedy the breach, Vantage confirmed on Tuesday. The company said the anticipated investment payments had not materialised, therefore Vantage and its mines had been placed under financial pressure.