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Matsa completes Red October buy

By:  
Creamer Media Senior Deputy Editor: Australasia
 
GOLD
ASX-listed Matsa Resources has finalised and settled the acquisition of the Red October gold mine, in Western Australia, from fellow-listed gold miner Saracen Mineral Holdings. The two companies in September agreed to the sale, under which Matsa acquired the Red October project for A$1-million in cash and 4.545-million in shares, giving Saracen a 3.04% stake in Matsa.
 
 
 
 
 

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