BRIEF-RCG announces acquisition in Nova Scotia, Canada

Fri Sep 9, 2016 9:40am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Sept 9 (Reuters) - Resource Capital Gold Corp

* RCG announces acquisition of previous producing gold mines and central processing mill in Nova Scotia, Canada

* Says definitive agreement signed to acquire 90% interest in Dufferin Gold Mine in Nova Scotia, Canada

* Says US$9.5 million purchase price + 1% NSR from year 5 for property

* Says turnaround plan in place to resume mining operations within four months

* Says to also acquire 90% interest in Tangier gold mine and Forest Hill gold mine in Nova Scotia

* Says immediate focus is resuming production at Dufferin, anticipated that operations can resume within 120 days Source text for Eikon: Further company coverage: