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Wesdome to sell Moss Lake to Goldshore Resources for $57M A map of the Moss Lake deposit in Ontario. Credit: Wedome Mines. TSX Venture-listed Sierra Madre Developments (TSXV: SMG.H) has entered into an amalgamation agreement to acquire B.C.-incorporated and privately held Goldshore Resources. Separately, Goldshore has entered into an asset purchase agreement with gold producer Wesdome Gold Mines (TSX: WDO), to acquire the 143-sq.-km Moss Lake gold project, 100 km west of Thunder Bay, for an estimated total consideration of about $57 million. After Goldshore completes the reverse takeover of...

Wesdome to sell Moss Lake to Goldshore Resources for C$57m TSX Venture-listed Sierra Madre Developments has entered into an amalgamation agreement to acquire B.C.-incorporated and privately held Goldshore Resources. Goldshore has entered into an asset purchase agreement with gold producer Wesdome Gold Mines, to acquire the 143-sq.-km Moss Lake gold project, 100 km west of Thunder Bay, for total consideration estimated at C$57 million. After Goldshore completes a reverse takeover of Sierra Madre, the combined company plans to change its name to Goldshore Resources and list on the TSX Ventu...

Rincon Resources Pty Ltd The Company advised in late June 2020 that it had invested AUD$250,000 (approximately £140,000) in Rincon Resources Pty Ltd ("Rincon"), an Australian gold and base metals exploration company. At the time the Company investment represented approximately 28% of Rincon. Rincon Resources is a Western Australian ("WA") focused gold and base metals company and holds the rights to three highly prospective projects in WA, with a main focus on the South Telfer Project, covering 50,000-hectares in the Paterson province. The South Telfer Project is approximate...

Angold Resources Ltd. (TSXV: AAU) (FRA: 13L1)  (" Angold" or the " Company") has received final approval from the TSX Venture Exchange (the "TSX-V") and the Company's common shares will commence trading on the TSX–V on December 31, 2020, under the symbol AAU. This follows the successful closing of the amalgamation and reverse takeover of ZTR Acquisition Corp. by Federal Gold Corp. on December 21, 2020, and subsequent name-change to Angold Resources Ltd. Angold's CEO, Mr. Adrian Rothwell, stated: "We are thrilled to begin trading on the TSX-V and be alongside some of the world's leading e...

HEAVYWEIGHT financial stocks have taken a pounding on the London market amid fresh concerns over Brexit and a wider slowdown in the global economy. The FTSE 100 Index was down 70.79 points to 6044.97, with Lloyds Banking Group feeling the full force of the sell-off, sliding more than 4% or 2.8p to 64.2p. The banking giant came under fire as investors expressed their concern about the impact of low interest rates and the possibility of the lender taking a substantial hit if Britain voted to leave the EU. There was also fretting about the state of the global economy after a slew of econ...