Deals this week: Trigold Resources, Riverside Resources, Rokmaster Resources

7 May 2015 (Last Updated May 7th, 2015 18:30)

Trigold Resources has signed a property purchase agreement for the acquisition of 100% interest in eight prospecting permits totalling 1,150m² located in Nunavut, Canada from private owners.

Mine_deals

Trigold Resources has signed a property purchase agreement for the acquisition of 100% interest in eight prospecting permits totalling 1,150m² located in Nunavut, Canada from private owners.

The company will issue one million common shares in its capital to the vendor as consideration for the acquisition of 100% interest in the permits at closure of the transaction.

The properties contain the Rush, James River and Muskox diamond bearing kimberlites.

Riverside Resources has acquired ownership of and control over 15 million common shares of Morro Bay Resources.

The company now owns and controls more than 28,841,109 common shares of Morro Bay, representing 35.42% of Morro Bay's issued and outstanding shares.

The shares acquired will be held for investment purposes and, depending on the marketplace and other conditions, Riverside may increase or decrease its beneficial ownership of Morro Bay's securities.

Rokmaster Resources has signed an agreement to purchase 80% of the issued and outstanding shares of Cream Minerals de Mexico (CCM) from two individual shareholders. The agreement is subject to completion of due diligence and the receipt of regulatory approval.

The company can also acquire the remaining 20% of the CCM shares.

Mexican company CCM owns 100% of certain mining concessions making up the 2,560ha Nuevo Milenio silver-gold property in the Tepic-Guachinango area in the Nayarit.

Gold Bullion Development has announced that Takara Resources obtained conditional approval for the acquisition of certain properties of Gold Bullion in Ontario, through the acquisition of its wholly owned subsidiary, Castle Silver Mines (CSM).

At present, CSM holds a 100% interest in the 3,300ha Castle Silver Mine property near the northern Ontario community of Gowganda.

Pursuant to the terms of the agreement dated 13 April, Takara will acquire all of the issued and outstanding common shares of CSM from Gold Bullion.

Altius Minerals and Callinan Royalties have completed the previously announced plan of arrangement whereby Altius has acquired all of the issued and outstanding common shares of Callinan.

Altius intends to cause Callinan to delist its common shares from the Toronto Stock Exchange, to submit an application to cease to be a reporting issuer.

The company also proposes to otherwise terminate its public reporting requirements as soon as possible thereafter.


Image: Several deals were signed this week. Photo: courtesy of adamr/ FreeDigitalPhotos.net.