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Consolidated Woodjam Copper acquires 100% stake in Gold Fields Horsefly Exploration - 4 Traders

Friday, 16 September 2016

Consolidated Woodjam Copper Corp (Woodjam Copper), has acquired 100% stake representing all of the shares of Gold Fields Horsefly Exploration Corporation, a provider of copper and gold exploration services, for CAD0.73 million (USD0.55) in stock. Both companies involved in the transaction are based in Canada. Consolidated Woodjam Copper is a copper exploration company. Gold Fields Horsefly is a wholly-owned subsidiary of Gold Fields Netherlands Services BV. Gold Fields Netherlands is a subsidiary of Gold Fields Ltd. Under the terms of agreement, Woodjam Copper issued 12,285,463 common shares at a price of CAD0.06 (USD0.04) per common share. In addition, Gold Fields Horsefly retained a 2% Net Smelter Return Royalty (NSR) over all unencumbered land in the Woodjam Project, which may be reduced at any time to 1% by Woodjam Copper paying Gold Fields Horsefly CAD5 million (USD3.82 million) in cash. Gold Fields Horsefly holds a 51% interest in a joint venture with Woodjam Copper, in the Woodjam Project, which is subdivided into the Woodjam North and Woodjam South projects. As a result of the transaction, Woodjam Copper now controls of 100% of the Woodjam copper-gold-molybdenum projects located near the community of Horsefly, approximately 45 kilometers east of the regional centre of Williams Lake, British Columbia, Canada. Deal History: Announcement: On August 13, 2015, Woodjam Copper agreed to acquire 100% stake representing all of the shares of Gold Fields Horsefly, for CAD0.73 million (USD0.55) in stock.

Index - Canada Index -
Copper Index - Gold
Index - Molybdenum
Index - Surface or Open Cast
Index - Blasting Services

(c) 2016 World Market Intelligence. All rights reserved. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. World Market Intelligence shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon., source WMI Deals

Consolidated Woodjam Copper acquires 100% stake in Gold Fields Horsefly Exploration - 4 Traders

Friday, 16 September 2016

Consolidated Woodjam Copper Corp (Woodjam Copper), has acquired 100% stake representing all of the shares of Gold Fields Horsefly Exploration Corporation, a provider of copper and gold exploration services, for CAD0.73 million (USD0.55) in stock. Both companies involved in the transaction are based in Canada. Consolidated Woodjam Copper is a copper exploration company. Gold Fields Horsefly is a wholly-owned subsidiary of Gold Fields Netherlands Services BV. Gold Fields Netherlands is a subsidiary of Gold Fields Ltd. Under the terms of agreement, Woodjam Copper issued 12,285,463 common shares at a price of CAD0.06 (USD0.04) per common share. In addition, Gold Fields Horsefly retained a 2% Net Smelter Return Royalty (NSR) over all unencumbered land in the Woodjam Project, which may be reduced at any time to 1% by Woodjam Copper paying Gold Fields Horsefly CAD5 million (USD3.82 million) in cash. Gold Fields Horsefly holds a 51% interest in a joint venture with Woodjam Copper, in the Woodjam Project, which is subdivided into the Woodjam North and Woodjam South projects. As a result of the transaction, Woodjam Copper now controls of 100% of the Woodjam copper-gold-molybdenum projects located near the community of Horsefly, approximately 45 kilometers east of the regional centre of Williams Lake, British Columbia, Canada. Deal History: Announcement: On August 13, 2015, Woodjam Copper agreed to acquire 100% stake representing all of the shares of Gold Fields Horsefly, for CAD0.73 million (USD0.55) in stock.

Index - Canada Index -
Copper Index - Gold
Index - Molybdenum
Index - Surface or Open Cast
Index - Blasting Services

(c) 2016 World Market Intelligence. All rights reserved. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. World Market Intelligence shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon., source WMI Deals


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