Liberty Mines To Pay $20M for Snow Lake Gold Mine

Liberty Mines Inc (TSX:LBE) said today it has entered into a binding term sheet with QMX Gold Corporation (TSX:QMX) to acquire the Snow Lake gold project in Manitoba, for a cash payment of US$20 million.

As quoted in the market news:

The completion of this transaction will position Liberty Mines as a near term gold producer with two fully permitted mills located in two leading Canadian gold camps.

Click here for the full press release by Liberty Mines Inc (TSX:LBE)

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA
Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Gold Outlook Report - Late 2017!

Get your FREE Updated Gold Outlook Report

Includes expert commentary, production numbers and gold stocks to keep an eye on.

Click here to get your free report!
Comments

Leave a Reply