RE: Sale of australian mines It is back to the roots for Alacer Gold!
The Australian mines were a drag on the results of Alacer, wtihout them the future looks far more promising.
Alacer shall have no trouble as the capital base will make them independent to develop their ore reserves, design their sulfide gold mine and possible further properties. In my opinion a bright future opens for Alacer Gold.
Alacer Gold to sell Australian assets
Ticker Symbol: C:ASR
Alacer Gold to sell Australian assets
Alacer Gold Corp (C:ASR)
Shares Issued 286,874,771
Last Close 6/11/2013 $2.30
Wednesday June 12 2013 - News Release
Mr. David Quinlivan reports
ALACER GOLD ANNOUNCES DECISION TO PURSUE SALE OF AUSTRALIAN ASSETS
Alacer Gold Corp. has initiated a process to pursue a sale of its Australian assets. David Quinlivan, president and chief executive officer of Alacer, stated: "Alacer has recently received confidential, non-binding expressions of interest from several parties interested in purchasing its Australian assets. The sale of the Australian assets would enable the company to focus on its high-margin operations and exploration activities at its world-class Copler mine in Turkey."
The timing and outcome of any sale are uncertain. Alacer will keep the market informed of material developments.
We seek Safe Harbor.