Goldera Provides Update on Settlement Agreement and Investment in Gold Orogen
Gold Orogen is the Company’s joint venture partner in Acadian Gold Corp. (“ Acadian ”), which the Company operates as the Acadian Gold Joint Venture in New Brunswick.
Pursuant to the Settlement Agreement, Gold Orogen has agreed, among other things, to transfer 15% of the issued and outstanding common shares held by it in Acadian (the “ Acadian Shares ”) to Goldera, resulting in Goldera holding 65% of the issued and outstanding Acadian Shares upon the completion of such Acadian Share transfer.
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