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UPDATE: Williams Creek Gold Acquires New Properties from New Gold; Shares Still Off Year Highs

Williams Creek Gold Limited (WCX.V) has almost touched year highs today as it hit 40 cents earlier. It is now trading at 39 cents a share with about 29,000 shares changing hands.

Today, the company announced that it has entered into an arms length agreement to acquire a 100% interest from New Gold Inc. (NGD.TO) in two large exploration claim groups known as Ahbau Creek and Chubby Bear.

In addition, four mineral units known as the Ahbau Lake group, totaling 1,662 hectares, were recently staked by Williams Creek west of Ahbau Lake.

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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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