News out on www.4-traders.comAuRico Gold and Carlisle Goldfields form a Strategic Partnership in the Lynn Lake Gold District: 11/19/2014 | 03:26pm US/Eastern By a News Reporter-Staff News Editor at Clinical Trials Week -- AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") announced that it has entered into an agreement to subscribe for 70,600,000 common shares of Carlisle Goldfields Limited ("Carlisle"), at a price of C$0.08/share, for total consideration of approximately C$5.6 million (the "Private Placement"), subject to certain conditions including approval of the Toronto Stock Exchange. On closing of the Private Placement, AuRico will hold own 70,600,000 common shares of Carlisle, representing approximately 19.9% of the issued and outstanding common shares of Carlisle on a non-diluted basis (see also AuRico Gold Inc.). In conjunction with the Private Placement, AuRico has entered into a joint venture agreement with respect to Carlisle's Lynn Lake Gold Camp ("Lynn Lake" or the "Project"), located in Lynn Lake, Manitoba, pursuant to which AuRico will acquire a 25% interest in the Project for an initial cash contribution of C$5 million, with the option to earn up to an additional 35% interest by funding C$20 million on the Project over a three-year period and delivering a feasibility study within that time period. Lynn Lake is a highly prospective past-producing gold camp consisting of five near surface deposits with significant existing infrastructure in place. "This transaction with Carlisle represents a compelling, but low risk opportunity to participate in the early stage advancement of a highly prospective mining district in Canada and is consistent with our strategic focus on high-quality assets in North America," stated Scott Perry, President and CEO. By a News Reporter-Staff News Editor at Clinical Trials Week -- AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or the "Company") announced that it has entered into an agreement to subscribe for 70,600,000 common shares of Carlisle Goldfields Limited ("Carlisle"), at a price of C$0.08/share, for total consideration of approximately C$5.6 million (the "Private Placement"), subject to certain conditions including approval of the Toronto Stock Exchange. On closing of the Private Placement, AuRico will hold own 70,600,000 common shares of Carlisle, representing approximately 19.9% of the issued and outstanding common shares of Carlisle on a non-diluted basis (see also AuRico Gold Inc.). In conjunction with the Private Placement, AuRico has entered into a joint venture agreement with respect to Carlisle's Lynn Lake Gold Camp ("Lynn Lake" or the "Project"), located in Lynn Lake, Manitoba, pursuant to which AuRico will acquire a 25% interest in the Project for an initial cash contribution of C$5 million, with the option to earn up to an additional 35% interest by funding C$20 million on the Project over a three-year period and delivering a feasibility study within that time period. Lynn Lake is a highly prospective past-producing gold camp consisting of five near surface deposits with significant existing infrastructure in place. "This transaction with Carlisle represents a compelling, but low risk opportunity to participate in the early stage advancement of a highly prospective mining district in Canada and is consistent with our strategic focus on high-quality assets in North America," stated Scott Perry, President and CEO.