Redhill Receives Notice of Accelerated Acquisition of Gullewa Gold Project

Redhill Resources Corp. (TSXV:RHR) announced that its partner Mutiny Gold (ASX:MYG) intends to acquire the Gullewa Gold Project from Redhill.

The press release is quoted as saying:

Mutiny has advised Redhill that following the transfer of the 70% interest in the tenements to Mutiny, Mutiny intends to pay Redhill a further $4,000,000 upon completion of a positive feasibility study, bringing Mutiny’s interest to 100% subject to a 10% net profit interest on all future production payable to Redhill.

To read the full press release, click here.