Mr. Wally Bucknell reports
ATLANTIC GOLD COMPLETES ACQUISITION OF ACADIAN MINING
Atlantic Gold Corp. has completed the acquisition of all of the issued share capital in Acadian Mining Corp. for 8,876,542 common shares of Atlantic and $3,610,740 in cash pursuant to a share purchase agreement among Acadian, LionGold Mining Canada Inc. (the vendor), and LionGold Corp. Ltd. as guarantor as originally announced by Altantic on Sept. 2, 2014.
Under the terms of the agreement, a total of two million consideration shares were held back from issuance to the vendor pending the completion of certain postclosing deliverables.
As previously disclosed on Sept. 2, 2014, the assets of Acadian comprise the Beaver Dam and Fifteen Mile Stream gold projects, which have mineral resource and historical resource estimates, respectively, and which are located proximal to the company's recently acquired Touquoy and Cochrane Hill projects, plus an extensive portfolio of exploration properties totalling over 22,000 hectares in the prospective Meguma terrane of Nova Scotia, Canada.
We seek Safe Harbor.
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