Posted by Ava on 12:05 AM
Reuters: Mergers News | Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com | |
UPDATE 1-Kirkland Lake Gold to buy Queenston Mining's stake in JV properties Mar 28th 2012, 06:34 Wed Mar 28, 2012 2:34am EDT March 28 (Reuters) - Canadian gold miner Kirkland Lake Gold said it will buy Queenston Mining's 50 percent stake in certain joint venture properties for C$60 million ($60 million) to develop its inventory of the precious minerals. Under the agreement for the seven properties in the Kirkland Lake Gold camp, the deal value will be paid in three installments during 2012 plus a potential production royalty. With the deal, Kirkland Lake Gold, which is located on the Southern Abitibi gold belt, expects to reach its long-term goal of developing 5 million plus ounce high grade mineral inventory. The company said the deal would be funded through a combination of its cash position, cash flow and various funding alternatives. | |
|
0 comments:
Post a Comment