A new Canadian company Red Lion is expected to be a major shareholder in the Vatukoula Gold Mines.
Buyers of Emperor Gold Mines, Westec's Director, Brian Wesson confirms that in their new proposal to the interim government, they have informed them that Red Lion is interested to work in partnership with them and will be providing the much needed funding for the operation of the mines.
Wesson said negotiations between the government and Westec Company is expected to end this week before the Gold Mines are reopened in the next three months.
Interim Attorney General Aiyaz Sayed Khaiyum is expected to comment later this morning.
