Attn : TO WHOM IT MAY CONCERN 13Th June 2022
FULL CORPERATE OFFER
We, the management of ASUOMGOLD COMPANY LIMITED of P.O Box GP357 ACCRA GHANA, as
the Seller hereby warrants under full corporate responsibility that our Sales Agent with full knowledge of
fraud and penalty of perjury that it has legal power and full authority to sell Gold / A.U Metal as set forth
below:
Whereas: The Seller is a supplier of Gold Dore Bars (GDB) warrants that it has complete legal authority to
sell the Gold and confirms that the GDB to be sold herein will be free and clear of any and all Liens and/or
encumbrances and is not of terrorist and/or criminal origin.
Wherein we declare:
A. Asuomgold Company Limited is a registered company under the laws of the Republic of Ghana.
B. The Gold Dore Bars are of noncriminal origin and are offered for sale under the following
specifications, terms, and conditions.
COMMODITY SPECIFICATIONS:
COMMODITY: Aurum Utalium (AU)
FORM: Gold Dore Bars
PURITY: 92% or better
CARAT: 22+ karats
ASSAY Final assay to be made by Buyer's choice of refinery
ORIGIN: Republic of Ghana WEST AFRICA
PACKING: Approved Export Boxes
QUANTITY: 500kgs
PRICE: USD$47,000.00/Kg, including commission of $2000/kg for the intermediaries.
PAYMENT: CIF 6% down payment to the shipping agent for taxes & Shipping documentation
(Trial delivery1-25kgs cash and carry/FOB is accepted)
DURATION: One (1) year with rolls and extensions
TERMS AND CONDITIONS: The buyer or his representative must be in Ghana at shipper’s office to
begin the transaction, (Optional).All transaction procedure is subject to full negotiation. We do trial delivery
of 1-25kgs FOB/cash and carry depending on the agreement by both parties’ buyer and seller, optional, after
which we sign a contract for larger quantities CIF. Preliminary Assay at any of the following approved
private refineries by Minerals Commission/PMMC.: Blaze metal, AA Minerals, M&C Logistics and Trading
Ltd, SSL Ghana, Sahara refinery, and the final assay at buyer’s chosen refinery.
TERMS OF PAYMENT: Buyer must pay 6%,
((i) 3% percent withholding tax to the Ghana Revenue Authority (GRA)
(ii) 0.20% percent to Minerals Commission for the Small-Scale Mining Sustainability Fund
(iii) 0.25% percent tax to the Precious Minerals Marketing Company (PMMC)
(iv) 1.00% Insurance,
(v) 0.15% Bank of Ghana Export Form A
(vi) 1.40% Royalties & Handling Service charge of the value of gold to the shipper to facilitate all the
necessary documents taxes (All shipping documents inclusive up to buyer’s final destination-Certificate of
origin, Assay report, Parking List, Invoice, Airway Bill (AWB)-marked PREPAID).
NOTE: All expenses paid by the buyer in advance in the country of origin (6%) will be deducted upon
the final approved of the total amount
An Irrevocable Letter Of Intent shall be required from the buyer after a notification of acceptance of our
FCO before Sales and Purchase Contact shall be forwarded to the buyer for final signatory.
Seller representative will accompany the gold to the buyer’s destination to witness the final assay. The
buyer is expected to wire transfer remain 94% balance to the seller’s nominated bank account (Details shall
be found on SPA
Shipment: The shipment will be carried out by an Independent Shipper approved by Minerals
Commission/PMMC.
Obligations of the Seller:
1. Upon acceptance of the mode of payment below, the Seller irrevocably undertakes that the GDB shall be
delivered to the shipping company to be decided (LARGE EXPORTER OF GOLD) office in ACCRA –
GHANA.
2. The shipping company shall be responsible for all arrangements for the delivery from country of Origin
to the Buyer’s designated Port.
The shipper shall be responsible for the GDB OR Bullion export documents and associated costs including
any local export tax to the Delivery Port.
Obligations of the Buyer:
1. The Buyer irrevocably undertakes that the GDB remains the property of the Seller until has received full
payment of the selling price as invoiced.
2. The Buyer shall take care for the customs clearance in Buyer's country and the transfer by security
transport services to the Buyer's nominated Refinery at Buyer's expense.
3. The Buyer confirms to import the GDB or Bullion into Buyer's country under his trading and import
license observing all legal regulations.
4. The Buyer shall bear all costs from Delivery Port [i.e. costs of gold analysis and refining in Buyer
Country].
5. Time of payment will be within 24 - 72 hours after Buyer's acknowledgement and acceptance of the Final
Refinery Assay Report.
6. The Buyer agrees that the Seller shall be entitled to have a representative as witness at Customs Clearance
at the Delivery Port. The Seller's representative may be present at the Buyer's nominated Refinery when
assay test is done on the Gold Dore bars or Bullion.
7. The Buyer agrees to keep the Seller continuously informed as to the location of the Gold Dore bars or
Bullion and the progress of the Gold assay process.
8. The Buyer shall provide copy of full assay report at Buyers country to seller through Email or Fax.
When the legal document is ready, the shipment of gold shall be exported with shipping agent with export
license directly to the buyer's refinery in the company of Seller’s representatives to ensure quantity, quality,
and final payment.
Documents to be procured to accompany the goods by Shipment to buyer's destination are listed below:
(2) Ghana Customs Exercise and Preventive Service Export Form
(3) Certificate of Origin
(4) Air Waybill
(5) Final Assay Report from PMMC (Precious Minerals Marketing Company) and a Copy of Export Permit
(6) Commercial Invoices
(7) Packing List
(8) Certificate of Ownership / Origin
(9) Customs Declaration and Description of box (es) quantity and weight list
Fixed Price:
All pricing is in United States Dollars (“USD”).
Commissions: Buyer and Seller are responsible to pay their own introducing agents if any.
Confidentiality:
Both the Buyer and the Seller shall not (except under compulsion of law or pursuant to a request from any
regulatory authority to the jurisdiction of which the disclosing party is subject) either before, during or after
the termination of this Agreement disclose any confidential information relating to business dealings learned
during the period of this Agreement and both the Buyer and the Seller shall use all reasonable endeavors to
prevent any disclosure by its officers, employees.
SELLER BANK COORDINATER
BANK NAME GUARANTY TRUST BANK (GHANA) LIMITED
BRANCH SPINTEX ROAD BRANCH
ACCOUNT NAME ASUOMGOLD COMPANY LIMITED
ACCOUNT NUMBER 205107105230
SWIFT CODE GTBIGHAC
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the date first
written above by their duly authorized officers.
THE SELLER:
COMPANY: ASUOMGOLD COMPANY LIMITED.
REPRESENTED BY MR. GEORGE A KWAME
PASSPORT NO: G0989386
COUNTRY: GHANA
OPERATION MANAGER
THE BUYER:
COMPANY:
COUNTRY:
BUYER’S SIGNATURE
