Glencairn Gold Corporation completes C$2.5 million acquisition of La Libertad gold mine and an interest in the Cerro Quema advanced gold project
Date Closed
July 06, 2006
Lead Office
Toronto
Value
2.50 Million CAD
On July 6, 2006, Glencairn Gold (TSE: CSM.TO) acquired the La Libertad gold mine in Nicaragua and a 60% interest in the Cerro Quema advanced gold project in Panama from Yamana Gold Inc (TSE: YRI). Glencairn purchased the two projects from Yamana for a total of 32 million common shares. Yamana also subscribed for C$2.5 million of an equity financing completed by Glencairn.
Glencairm Gold (now Central Sun Mining), headquartered in Toronto, Ontario, engages in the mining and exploration of gold properties in Nicaragua.
Yamana Gold, headquartered in Toronto, Ontario, is a Canadian-based gold producer with significant gold production, gold development stage properties and exploration properties.
McCarthy Tétrault LLP represented Glencairn Gold with a team led by Andrew Parker, and including Nicola Geary, and Richard Miner.
