Tolima Gold Acquires Additional Gold Properties
Tolima Gold Inc. (TOM.V), which touched 20-day SMA 50 cents at the close of the December 22 session, announced today that it has closed the purchase of all of the issued and outstanding share capital of Sun Lakes Advisors SA, a Panamanian company, which owns all of the issued and outstanding share capital of Papayo Gold SAS that holds mineral properties surrounded by several of Tolima's current Nortol properties.
The company said the total cost for the acquisition of Sun Lakes and Papayo Gold, including the Mineral Properties, land and equipment was US$5.1 million in cash and over 3 million in common shares of Tolima.
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