WGX 1.78% $2.86 westgold resources limited.

News: WGX Westgold Resources signed an agreement to acquire Australian Contract Mining

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    June 8 (Reuters) - Westgold Resources Ltd (WGX) -

    • Westgold to acquire australian contract mining
    • signed an agreement to acquire Australian Contract Mining Pty Ltd
    • Westgold will acquire all of shares in acm for a net consideration of $2.5 million in cash plus 14 million fully paid ordinary westgold shares
    • Acm founder Brian Rodan will continue to be ceo of wholly owned subsidiary and will join executive management of westgold
 
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