Orex Acquires an Advanced Stage Gold Project in Sweden

Orex Minerals Inc. (TSXV:REX) reports that the company has signed an agreement with Northland Resources S.A. (TSX:NAU) to buy Northland’s Barsele Gold project in Sweden.

The press release is quoted as saying:

The total consideration is valued at a minimum of USD 15.5 million, and includes cash and shares on signing, as well as deferred cash and share payments, investments in the project and a 2% Net Smelter Royalty (NSR).

Click here to access the entire press release

Click here to access Orex Minerals Corporate Site