Delay/Acquisition Targets/ADAI agree with Browser, this delay has nothing to do with a deal going sour, I've heard nothing that says the deal is falling apart, to the contrary just that some extra time was required.
As for acquisition targets, if I was making acquisitions I would expand my search beyond the area in KenGif's map. Faribault did extensive studies right through to the mid 1930's in the area and much of the work is digitally available online. The drive to Goldboro takes you through several villages all centered around past producers including Country Harbour Mines, Isaacs Harbour North. Here is a map drawn from the NS Department of Natural Resources Database:
https://www.scribd.com/doc/21615236/Country-Harbour-Past-Producers Personally I would even go much further than this in my search within NS as there are lots of past gold mines that were producing up to the late 1930's but then became uneconomical due to labour shortages and drop in demand following WWII and have never been properly reexamined using modern exploration techniques.
As you can see there are a lot of very small unfunded claim holders in the area. I've heard there is some level of turn-over on some of the claims with some folks jumping in at the DNR office to snatch claims when claims aren't renewed exactly on time and expire. I would expect that these are the targets for Orex. With respect to Acadian (ADA). They and Annapolis Gold (which is also owned and controlled by the President of ADA) hold many claims in and around the area. I know OX and ADA/Annapolis have talked in the past, I'm fairly certain the ADA claims are completely speculative based on little geological work, and they hoping to make some money simply from OX buying their rights or optioning them in some fashion.
Browser correctly points out that ADA had a massive debt from the bankrupt zinc-lead operation it was running and its problems with Royal Roads, and has essentially been bailed out by Golden River. An awfull lot of that money they received has been used for debt repayment and they've handed 70% control of the company to others. Yes they have four properties which total about 1MM oz but they are somewhat geographically disparate, and none of them economic or high grade. ADA have a lot more drilling to do and a new strategic plan to consider and this is going to require even more money to be raised to proove out resources. ADA does have a good self-promoter in Mr. Felderhoff though and they are in the local news at least every other week. Mr. Felderhoff does have a complex corporate structure or relationship with several other private companies that own claims under his control.
In contrast, OX is negotiating an agreement where OSK gets 60% property ownership in return for commitments of hard cash, plus exploration expenditures and while I don't know the fine details, I don't expect the ownership transaction would actually close until those expenditure commitments have been met... which means if OSK walks like Placer Dome did years ago, we're presumably still ahead. OX however doesn't own a large number of claims geographically disperesed in the province. Our downsides are past management mis-steps and perception of absolutely no local presence "come from aways" taking NS gold, while ADA does a good job of portraying themselves as locals. All in all I rate ADA & OX as equal on the management capabilities front.
Right now I'm betting on OX moving further and faster than ADA.