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Levon Resources (TSX:LVN, USOTCQX:LVNVF) has agreed to take a 9.9 percent stake into Pershing Gold Corporation, for USD $9.85 million acquiring 35,178.572 shares of common stock.
According to the press release:
[Levon Resources] is pleased to announce it has agreed to make an investment into Pershing Gold Corporation (“Pershing”) in the amount of US $9.85 million, acquiring 35,178,572 shares of common stock of Pershing, representing an approximate 9.9% interest in Pershing. The transaction is expected to close on or about October 17, 2014. Pershing’s common stock is traded on the OTCQB under the symbol PGLC.
Click here to read the Levon Resources Ltd. (TSX:LVN,,USOTCQX:LVNVF) press release
Click here to see the Levon Resources Ltd. (TSX:LVN,,USOTCQX:LVNVF) profile.