MGV 2.74% 35.5¢ musgrave minerals limited

News: MGV Westgold Resources says acquired Tuckabianna project from Silver Lake Resources

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    June 23 (Reuters) - Westgold Resources Ltd (WGX) :

    • Westgold buys Tuckabianna project
    • Announces acquisition of Tuckabianna gold plant and remaining tenure, gold resource inventory and interests of Silver Lake Resources
    • Deal for a purchase price of $8.5 million made up of $6 million in cash and 1.25 million shares in Westgold
    • Agreed to purchase residual interests in Musgrave joint venture (cue project) from Silver Lake for purchase price of $1.5 million
 
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