Centerra Gold Closes on Acquisition of Remaining 30 Percent Interest in Öksüt Gold Project

Centerra Gold Inc. (TSX:CG) announced that it has purchased the remaining 30 percent interest in the Öksüt Gold Project in Turkey.

As quoted in the press release:

Closing of the transaction was conditional on the conversion of six exploration licences to two operation licences and other customary conditions. The two operation licences were received on January 16, 2013. On closing Centerra became the sole owner of the Öksüt Gold Project and assumed operatorship and day to day management of the project. In 2013, the exploration program will focus on expanding and upgrading the Öksüt gold resource, advancing ongoing metallurgical testwork and initiating detailed environmental and technical project studies.

To view the whole press release, click here.