Canadian gold exploration and mining company Claude Resources has completed the acquisition of St. Eugene Mining Corporation.
Claude acquired all of the outstanding common shares of St. Eugene in exchange for the issuance of approximately 9.6m common shares of Claude.
Go deeper with GlobalData
Former shareholders of St. Eugene also received 0.25 of a common share of Satori Resources Inc and Claude will maintain the same pro-rata stake in Satori that it had in St. Eugene.
Satori will commence trading on the TSX Venture Exchange following approval for its common shares.
The company owns a 100% interest in the Tartan Lake Mine Project located in the Flin Flon Greenstone Belt in Manitoba.
See Also:
Claude reduced its existing net smelter return royalty on the Tartan Lake Mine Project from a sliding scale to 2% and assumed all outstanding warrants of St. Eugene.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe firm owns 100% of the 10,000 acre Madsen Property in Ontario and 100% of the Amisk Gold Project which covers 23,450 hectares and hosts the Amisk Gold Project, a bulk mineable gold and silver deposit.
Claude said it will conduct a preliminary economic assessment and further exploration programmes on the property this year.
