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THUNDER BAY, Ont. – Premier Gold Mines Ltd. says an action has been fabricated to access Centerra Gold Inc.’s 50 per cent pale in the Greenstone Gold Mines Affiliation in a accord it says it account US$205 million.
The partnership’s arch asset is the Hardrock Abundance activity abreast Geraldton, Ont.
Premier, which holds the added 50 per cent pale in the project, says the acquirer is a third affair that is an abettor of Premier’s rights beneath the action letter.
Premier did not analyze the company, but said it has the banking accommodation to both access Centerra’s absorption and beforehand the abundance through construction.
It additionally says the abettor affairs to assignment with Premier to advice in accepting the money to armamentarium its allotment of the abundance architecture costs.
The angle includes US$175 actor in banknote and the acceptance of all Centerra’s obligations beneath the affiliation agreement, including the actual earn-in obligation of US$30 million.
This address by The Canadian Press was aboriginal appear March 30, 2020.
Companies in this story: (TSX:PG, TSX:CG)
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