ValGold Steady After $10M Deal to Acquire Past-Producing Gold, Silver Mine in Western Ukraine
ValGold Resources Ltd. (VAL.V) is unchanged at 21 cents a share, still waiting for its first trade after a trade halt was lifted at 3:15 p.m. ET and following an announcement it intends to acquire a 75% interest in a private Ukrainian company along with a 25-year mining licence for a past-producing gold and silver mine and the surrounding mineral fields in the Beregovo Mining District.
ValGold will pay US$10 million in cash in three installments over the two years following regulatory approval for the acquisition. It also will issue a total of 3.5 million shares.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.