Orion to acquire a 50% stake in Greenstone Gold Mines Partnership from Centerra for $300m.

Orion Mine Finance, an alternative investment management firm, agreed to acquire a 50% stake in Greenstone Gold Mines Partnership, which holds the Hardrock Mine Project in Ontario, from Centerra, a Canadian mining company, for $300m. Premier Gold Mines will continue to hold the remaining 50%. "Orion looks forward to being a partner in turning the Hardrock Project into Ontario’s next prominent mine. After years of successful exploration and development work, we believe the Greenstone Project has the potential to grow into a large, long-lived gold mining operation with multiple deposits," Istvan Zollei, Orion Portfolio Manager.