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Deals this week: Caterpillar, Pele Mountain Resources and more

20 April 2012

The Ministry of Commerce of the People's Republic of China (MOFCOM) has formally approved the Caterpillar's planned acquisition of ERA Mining Machinery.

Based on MOFCOM's approval, Caterpillar will move forward with its previously announced intention to acquire ERA for an undisclosed amount.

Pele Mountain Resources has entered into a binding agreement to sell its Highland Gold projects to a wholly-owned subsidiary of Prodigy Gold for $1.8m and a net smelter return (NSR) royalty on certain portions of the project.

The purchase price under both agreements is payable by Golden Goose in cash and completion of the transactions is subject to standard closing conditions, including regulatory approvals.

North American Nickel has entered into an arm's length option agreement with certain parties pursuant to which it may acquire a 100% interest in a nickel-copper-platinum group element property in the Sudbury area.

Under the terms of option agreement, the company must make cash payments in the aggregate amount of $120,000 and issue an aggregate of 225,000 common shares to the optionors over the three year term of the option agreement.

KAT Gold Holdings has completed the acquisition of Canada-based Global Gold for an undisclosed sum.

KAT Gold's Ekom Eya gold project in Ghana has a minimum estimated resource of 300,000 oz.