GoldMining Inc. $GOLD to acquire Project Crucero Gold

GoldMining Inc

TSXV: GOLD

GoldMining Inc. has acquired a 100% interest in the Crucero Gold Project in Southeastern Peru after striking a deal with Lupaka Gold Corp. 

“We are pleased to announce another milestone acquisition in furtherance of our long-term growth and value-building strategy’’

-GoldMining Chairman Amir Adnani.

Under an agreement, GoldMining will acquire all of the shares of a wholly-owned subsidiary of Lupaka, which holds a 100% interest in the project. Total consideration payable by GoldMining to Lupaka is 3.5 million shares of GoldMining and $750,000 in cash.

The project is located 150 kilometres northeast of the city of Juliaca. It is comprised of three mining and five exploration concessions with an aggregate area of 4,600 metres.