Acadian Mining Corporation ADAIF

My favorite part of the NR---

[Pawper]

Acadian Gold intends to use the net proceeds realized from the offering to complete its acquisition of the shares of ScoZinc Ltd., and for general exploration and general corporate purposes. Acadian Gold has entered into a letter of intent with Hud Bay Minerals Inc. to acquire the shares of ScoZinc held by Hud Bay's wholly owned subsidiary, Pan American Resources Corp., $7.5-million ScoZinc's principal assets are the Scotia mill (a modern mill facility), and zinc and lead deposits located at Gay's River in Nova Scotia. The Scotia mill is strategically located, with respect to Acadian Gold's gold properties. The acquisition is subject to fulfilment of a number of conditions, including receipt of regulatory approvals and entering into a definitive purchase agreement with the vendor. Execution of the definitive agreement is anticipated to occur shortly. good things ahead. P.