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Minera Frisco SAB de CV To Acquire Subsidiary Of AuRico Gold Inc.


Tuesday, 9 Oct 2012 06:46pm EDT 

Minera Frisco SAB de CV (Minera Frisco) announced that it has reached definitive agreement with AuRico Gold Inc. Minera Frisco plans to acquire the total amount of shares of AuRico Gold de Mexico SA de CV, a subsidiary of AuRico Gold Inc. As a result, Minera Frisco will acquire the Ocampo mine and the adjacent exploration projects "Venus" and "Los Jarros" all located in Chihuahua State, Mexico and a 50% interest in the Orion advanced development project located in Nayarit State, for the amount of USD 750 million. The transaction is expected to be concluded in December 2012. 

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4.95
0.1 +2.06%
4:00pm EDT