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PR: New Carolin acquires 100% of Ladner Gold Project

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Luke_McCain   Thursday, 05/12/16 12:31:10 PM
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PR: New Carolin acquires 100% of Ladner Gold Project

Quote:
APRIL 13, 2016 / TheNewswire / New Carolin Gold Corp. (the "Company" or "New Carolin") (TSXV: LAD) is pleased to announce that the Company has completed its previously announced transaction with Deloitte Restructuring Inc., in its capacity as court-appointed receiver to the assets of Century Mining Corporation (the "Receiver") and has therefore acquired 100% of the Ladner Gold Project.

After four years of negotiations and agreement revisions, the Company has successfully moved from an initial 10% undivided interest to consolidating 100% of the legal and beneficial ownership of the 144 square kilometer contiguous land package, which includes the Carolin Mine.

The Company recently completed a private placement financing in the amount for $1,126,000 and is now turning its attention to work plans, with approximately $750,000 allocated for exploration in 2016.



http://www.juniorminingnetwork.com/junior-miner-news/press-releases/860-tsx-venture/lad/18572-new-carolin-closes-acquistion-of-remainder-of-ladner-gold-project.html

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