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New Carolin closes acquisition of remainder of Ladner Gold Project

Fasken
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Overview

Client

Deloitte Restructuring Inc.

New Carolin Gold Corp. is pleased to announce that the Company has completed its previously announced transaction with Deloitte Restructuring Inc., in its capacity as court-appointed receiver to the assets of Century Mining Corporation and has therefore acquired 100% of the Ladner Gold Project. As partial consideration for the transfer of the mining claims and crown grants forming part of the Project, the Company has issued 24,889,509 common shares to the Receiver which are subject to a hold period of 4 months and one day under applicable securities regulations. Deloitte Restructuring Inc. was represented by a team from Fasken Martineau led by Luc Béliveau, accompanied by Guillaume-Pierre Michaud and Frank Mariage.

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