Feb 11, 2015 Premier and Goldcorp Arrange Property Swap
11-2-2015.PREMIER GOLD MINES LIMITED (TSX:PG) ("Premier", "the Company") is pleased to announce that it has entered into an agreement to increase to 100% its interest in the past-producing Hasaga Property, located in Red Lake, Ontario, from Goldcorp Inc. (TSX:G, NYSE:GG) ("Goldcorp") . In exchange, Premier will assign to Goldcorp its 35% participating interest in the East Bay Property (Red Lake) and its 100% interest in the PQ-North Property located near Goldcorp's Musselwhite Mine in Ontario. The Rahill-Bonanza Joint Venture will remain in good standing with Premier continuing to hold a 49% interest.
The arrangement positions Premier to secure 100%-ownership in an underexplored, target-rich property. Key highlights of the opportunity include. https://www.premiergoldmines.com/s/NewsReleases.asp?ReportID=695890