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Elgin Mining Inc. (CVE:ELG) reports that it has entered into an agreement to acquire Bonito Capital Corp.

Elgin Mining Inc. (TSXV:ELG) reports that it has entered into an agreement to acquire Bonito Capital Corp.

The press release is quoted as saying,

Bonito has entered into an exclusivity agreement with MMG Resources Inc. (“MMG”) of Australia pursuant to which it has agreed, subject to satisfactory due diligence, to negotiate an agreement (the “Acquisition Agreement”) to acquire the Lupin Gold mine and the Ulu deposit (the “Acquisition”), located in Nunavut Territory, Canada.

For the complete press release, click here.

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