SINGAPORE (July 6): Golden Energy and Resources (GEAR) announced on Monday that it has disposed 4 million ordinary shares in Australian-listed Westgold Resources for A$9 million ($8.7 million).

The disposal was completed via an on-market sale on Friday (July 3).

The unaudited book value and net tangible asset (NTA) value of the shares are estimated to be around A$4.5 million and A$4.4 million respectively as at Dec 31, 2019.

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