Gold

Oban Mining (TSXV:OBM) has completed its acquisition of the Stouart property in the Urban Barry greenstone belt of Quebec.

Oban Mining (TSXV:OBM) has completed its acquisition of the Stouart property in the Urban Barry greenstone belt of Quebec.
As quoted in the press release:

The Acquisition was completed pursuant to the terms of a property purchase agreement dated February 11, 2016 (the “Agreement”) between the Company and Multi-Ressources Boréal (“M-R Boréal”). Pursuant to the Agreement, M-R Boréal received consideration of 500,000 common shares of Oban and a cash payment of $200,000 in exchange for 100% ownership of the 33 claims (totaling 1,286.34 hectares) that comprise the Souart property. M-R Boréal maintains a 2% NSR royalty over the Souart property, which can be repurchased by Oban at any time for $2 million.

Click here for the full press release.

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