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UPDATE: Alacer Gold Closes Frog's Leg Sale; Shares Up Nearly 2%

Alacer Gold Corp. (ASR.TO) announced that the sale of Alacer's 49% minority interest in the Frog's Leg Mine joint venture to La Mancha Resources Australia Pty Limited has closed.

Under the terms of the sale agreement, Alacer has received sale proceeds of approximately A$138.5 million (or approximately US$144 million based on the exchange rate of April 4, 2013). The sale proceeds of A$138.5 million includes A$2.56 million of interest accrued on the purchase price from January 1, 2013 to April 4, 2013.

ASR was up nearly 2% to $3.80, trading close to 52-week low $3.22.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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