January 23, 2017 / 1:35 PM / 8 months ago

BRIEF-Gowest to acquire 50 pct interest in Redstone Mill

Jan 23 (Reuters) - Gowest Gold Ltd :

* Gowest to acquire 50 pct ownership interest in redstone mill

* Gowest Gold Ltd - first installment of purchase price having an aggregate value equal to $5.75 million

* Gowest Gold Ltd - for purposes of transaction, proposed deemed value per unit will be $0.15

* Gowest Gold Ltd - second installment of purchase price having an aggregate value equal to $5.75 million

* Upon completion of proposed transaction, each of parties will hold a 50 pct interest in JVCO Source text for Eikon: Further company coverage:

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