1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Northern Vertex, Greenstone partner to accelerate Moss mine development; US gold consolidation

By:  
Creamer Media Deputy Editor: North America
 
GOLD PARTNERSHIP
Canadian project developer Northern Vertex Mining and Guernsey-based private equity fund Greenstone Resources has formed a partnership that will strengthen Northern Vertex’s balance sheet and expedite construction, procurement and staffing initiatives as the company works up to declaring commercial production at the Moss gold/silver project, in Arizona, later this year. Under terms of the deal, Greenstone has agreed to buy about 51.77-million Northern Vertex units at C$0.52 apiece, for US-dollar-denominated proceeds of $20-million. Each unit will consist of one common share of the company and half of a nontransferable common share purchase warrant.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register