LionGold Corp has agreed to acquire Acadian Mining Corporation for up to $ 9.1 million in an all-cash transaction.
Acadian is listed on the TSX Venture Exchange with multiple gold tenements in Nova Scotia, Canada.
Its two main projects hold a combined gold resource of 1.333 million ounces, with open pit development potential.
The investment will provide LionGold with an inexpensive foothold into North America.
Tuesday, July 30, 2013
LionGold to acquire Canadian gold company for $9.1 mil
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