Nov 22 2011
Auriga Gold Corp. has announced it has completed the acquisition of the Claude Resources 46% minority interest in the Nokomis property, previously announced on November 3, 2011.
Prior to the acquisition, Auriga Gold held a 54% interest in the Nokomis property, which is contiguous to the Puffy Lake Property, part of the Maverick Gold Project. The 2,200 hectare, Nokomis property comprises 39 staked claims and is located less than 8 kilometres northeast of the Puffy Lake Mill, near Flin Flon, Manitoba.
Under the terms of acquisition, Auriga Gold has issued to Claude 3,428,571 common shares of Auriga Gold at an issue price of $0.35 per share. This represents approximately 7.8% of the outstanding shares of Auriga Gold. The issued shares are subject to a hold period of four months from November 14, 2011.
Source: www.aurigagold.ca