Kanosak Capital Venture Corporation has announced that it has acquired 90 percent interest in ‘’la Société Mauritanienne d’Exploration’’ (“SEM”) from Wafa Mining and Petroleum S.A., a Mauritanian company. In exchange for the acquisition, Kanosak, a Canada-based capital pool company, issued 100,000 common shares and paid US$100,000 in cash. Additional contingent consideration of common shares and […]
Egyptian security killed seven members of Hasm, a terror group-linked to the outlawed Muslim Brotherhood organization, in clashes in capital Cairo. The seven were killed in two different operations according to a statement of the interior ministry. “The State Security Department acted upon reliable intelligence that a group belonging to Hasm had been planning to […]
Suspense has been building over the past few weeks about whether the French automaker PSA Peugeot Citroen would build a factory in Morocco or not. The suspense was finally dispelled on Friday. Morocco and the French firm have actually signed the accord under which PSA will build a factory in the North African country in […]
