Visible Gold acquires remaining 40% of Cadillac East project

Visible Gold, headquartered in Rouyn-Noranda, Que., has agreed to purchase the remaining 40% interest in the Cadillac East gold project from Cadillac West Explorations, a subsidiary of Liberty Gold Corp. Visible Gold will then be the 100% owner of the project.

The purchase is a share-only deal. Visible Gold will issue 750,000 common shares with a deemed value of $0.06 each to Cadillac West. The Cadillac East property is subject to a 1.5% net smelter return royalty to be paid to the former owners.