Claude Resources Inc. Receives Final Payment of $2.5 Million Cash from Madsen Gold Project Sale
Trading Symbols: TSX: CRJ; OTCQB: CLGRF
SASKATOON, SK, Sept. 5, 2014 /CNW/ - Claude Resources Inc. ("Claude" and or the "Company") today announced that it has received the final payment relating to the sale of the Madsen Gold Project to Pure Gold Mining Inc. ("PGM") (previously Laurentian Goldfields Ltd.).
The final payment of CDN $2.5 million cash was in addition to the CDN $6.25 million cash Claude received at the closing of the transaction. The Company also received approximately 9.8 million shares of PGM. Since July, the Company has sold approximately 5.7 million shares of PGM and now currently owns approximately 4.1 million shares
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