Announced
Completed
Financials
Tags
Single Bidder
mineral exploration
Canada
Acquisition
Domestic
Public
Majority
Friendly
Completed
General Mining
Merger
Synopsis
Northern Superior Resources, a gold exploration company, completed the acquisition of Royal Fox Gold, a mineral exploration company, for around C$17m. “Northern Superior has always been a huge proponent of the potential of the Chapais-Chibougamau mining district. The recent geological success we, and others, have had in the camp has demonstrated that this camp has the potential of Tier-1 mining scale. By assuming a leading role in the consolidation of the camp via the recent acquisition of Genesis Metals and now the acquisition of Royal Fox, not only have we consolidated four of the most important properties in the camp under one company but have dramatically increased and accelerated the potential value creation by increasing the scale of the operation, providing geological and operational synergies,Thomas Morris, Northern Superior President, CEO and Director.
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