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Regulus Announces Closing of Spin-Out of Aldebaran Resources
Oct. 26, 2018 08:39AM PST
Base Metals Investing Aldebaran has entered into a joint venture and option agreement with Stillwater Canada to acquire up to an 80 percent interest in the Altar copper-gold project in San Juan Province, Argentina.
Regulus Resources has announced that, further to its news releases of June 29, 2018, August 30, 2018, September 24, 2018, October 9, 2018 and October 22, 2018, it has completed the spin-out of Aldebaran Resources
In addition, Aldebaran has entered into the previously announced joint venture and option agreement with Stillwater Canada LLC, an indirect subsidiary of Sibanye Gold Limited, trading as Sibanye-Stillwater (NYSE:SBGL) to acquire up to an 80 percent interest in the Altar copper-gold project in San Juan Province, Argentina.
CEO of Regulus and Aldebaran, John Black said:
“We are extremely pleased to have completed this transaction, which will allow Regulus to focus on its AntaKori (gold-copper) project in Peru with no further funding obligations in Argentina, and provide Regulus shareholders with equity, at no cost, in a new well-funded mineral exploration company that will focus on the Altar project, which management believes has considerable upside.”
Click here to read the full Regulus Resources press release.
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