Prior to this acquisition, Auriga Gold held a 54% interest in the 2,200 hectare property, which comprises 39 claims in Manitoba, Canada.
Auriga will issue to Claude Resources 3,428,571 common shares at an issue price of $0.35 per share to acquire the interest.
Claude Resources president and CEO Neil McMillan said this disposition is consistent with Claude’s strategy to streamline its property portfolio while maintaining upside to project success through participation in Auriga Gold shares.
