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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