Resolute takes bigger stake in Kilo

Gold miner Resolute Mining as signed a share swap agreement with explorer Osisko Mining to acquire a 12.9% stake in Canada-based gold explorer Kilo Goldmines. Under the terms of the agreement, Resolute will acquire Osisko’s 21.86-million shares in Kilo in exchange for 1.45-million of its own shares. Osisko will also grant Resolute the right of first refusal to acquire its 21.1-million warrants in Kilo.