Fronteer Gold to Acquire AuEx Ventures
Fronteer Gold Inc (TSE:FRG, NYSE Amex:FRG) and AuEx Ventures, Inc. (TSE:XAU) announced they have entered into an arrangement agreement under which Fronteer Gold will acquire 100% of the outstanding common shares of AuEx by way of a plan of arrangement.
Fronteer Gold Inc (TSX:FRG, NYSE Amex:FRG) and AuEx Ventures, Inc. (TSX:XAU) announced they have entered into an arrangement agreement under which Fronteer Gold will acquire 100% of the outstanding common shares of AuEx by way of a plan of arrangement.
The press release is quoted as saying:
We intend to become a significant gold producer. Our solid financial position and strong operational team give us the ability to advance our key gold projects through to production. Our future potential production platform includes our Long Canyon, Sandman and Northumberland projects – all located in Nevada, one of the friendliest gold-mining jurisdictions in the world.