Terraco Gold Closes Acquisition of Royalty Option on Spring Valley and US$5,000,000 Cash Infusion
23.12.2011 | Marketwire
VANCOUVER, 12/23/11 - Terraco Gold Corp. (TSX VENTURE: TEN) ('Terraco' or the 'Company') is pleased to announce that further to its press release dated December, 21, 2011, the Company received TSX Venture Exchange approval of the transaction which has now been closed.'Terraco is very pleased to have worked closely with both the royalty vendor and the strategic partner to close this three-way, win-win transaction. Terraco has the right to acquire a significant royalty on a Barrick-led gold project next to its Moonlight Project, solidified a US$5,000,000 cash infusion without diluting shareholder value and is now fully funded for its 2012 exploration activities,' stated Todd Hilditch, President and CEO of Terraco.
Further details about the transaction can be obtained from Terraco's December 21, 2011 news release available on the Company's website and on SEDAR.
Terraco is a mineral exploration company listed on the TSX Venture Exchange under the symbol 'TEN'. Please visit Terraco's website at www.terracogold.com for additional information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Terraco Gold Corp.
Todd Hilditch, President and CEO
(604) 443-3831 or Toll free: 1 (877) 792-6688
(604) 682-3860 (FAX)
www.terracogold.com