Announced
Completed
Financials
Tags
gold exploration
mineral exploration
Private
Friendly
Domestic
Single Bidder
Canada
Merger
Majority
Gold Mining
Acquisition
Completed
Synopsis
12 Exploration, a mineral exploration company, completed the acquisition of 79North, an exploration and development company. Financial terms were not disclosed. “Our public listing is a significant milestone for us as we continue to grow our portfolio of high-quality gold exploration projects in Suriname. The Nassau Gold Project has had more than a century of artisanal gold mining and is in the same sequence of gold-bearing rocks that contain the Merian Gold Mine and the Rosebel Gold Mine. In spite of this, there has not been sustained modern gold exploration or diamond drilling at the Nassau Gold Project,” Jon North, 12Ex President, CEO and Chairman.
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