Emperor Metals completed the acquisition of Lac Pelletier Property from Maritime Resources.

Emperor Metals, a high-grade gold exploration and development company, completed the acquisition of Lac Pelletier Property from Maritime Resources, an exploration stage company. Financial terms were not disclosed. “This transaction is consistent with our plans to add shareholder value by divesting non-core assets like Lac Pelletier while we focus on our development projects in Newfoundland and Labrador. With the Lac Pelletier and Duquesne West gold projects we believe that Emperor will have a tremendous platform for gold exploration in the heart of the Abitibi greenstone belt and we are pleased to become an investor in the company,” Garett Macdonald, Maritime Resources President and CEO.