SOUTH ARTURO expected to close on or before June 5, 2015.The SOUTH ARTURO MINE PROJECT transaction is expected to close on or before Friday, June 5, 2015.
Premier's South Arturo 40% Interest purchase allowed by American Barrick
Concurrent with the acquisition, Goldcorp has agreed to complete a private placement with Premier in the amount of $12.5-million, subject to Toronto Stock Exchange approval.
------- Premier will pay Goldcorp $20-million (U.S.) at closing, plus costs incurred by Goldcorp since the signing of the original agreement in March, 2015, and transfer to Goldcorp 5 per cent of its interest in the Rahill-Bonanza joint venture in Red Lake. Production start up is expected in 2015.