The transaction closed today and included the Black Fox underground gold mine, stock mill, workforce, and nearby Grey Fox and Froome development projects.
Mr. Ochoa is a seasoned executive, bringing more than 25 years of operational experience to the McEwen team and will be instrumental in the continued growth and development of our projects.
Rob is the former founder of gold producing giant, Goldcorp, and has now built his second company McEwen Mining which is a precious metals producer in the Americas.
McEwen Mining Inc. has subscribed, by way of a private placement, 8,333,333 common share units (the “Units”) of Visible Gold Mines Inc. (“Visible Gold”) at a price of $0.06 per Unit for an aggregate amount of $500,000.