BRIEF-NV Gold agrees to buy Redstar Gold's Nevada assets

Fri Sep 2, 2016 9:13am EDT
 
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Sept 2 (Reuters) - NV Gold Corp:

* NV Gold enters definitive agreement in regards to the acquisition of Redstar Gold Corp's Nevada assets including extensive geological database and 11 gold projects

* Under which NVX will acquire 100% of Redstar's exploration assets in Nevada

* Assets consist of 11 exploration projects in Nevada

* Under terms of agreement, NVX will acquire database, projects in consideration of NVX issuing to Redstar 6 million shares of NVX

* Under the agreement, Redstar has right to name two of a proposed 6 member board of NVX Source text for Eikon: Further company coverage: