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Megumagold to Acquire Osprey Gold to Open Operational and Exploration Synergies
Thursday 26 March 2020

26 March 2020 - Canada-based gold exploration company MegumaGold Corp. (CSE: NSAU) (OTC: NSAUF) (FWB:2CM2) has agreed to acquire 100% of issued and outstanding shares of Canada-based exploration company Osprey Gold (TSX Venture: OS) (OTCQB: OSSPF) via a business combination to create opportunities for operational and exploration synergies, the company said.
Terms of the transaction were not disclosed.
Osprey is focussed on exploring five gold properties in Nova Scotia's largest historic gold district. Osprey's exploration licences all sit contiguous with MegumaGold claims in the heart of the Meguma gold district.
Osprey's main focus is developing the Goldenville Project, located in Nova Scotia's largest historic gold district within the Meguma Supergroup.
Osprey is also focussed on exploring four other gold projects within the Meguma Supergroup including the Caribou Project, located within one of Nova Scotia's past-producing gold districts.
MegumaGold Corp. is engaged in the business of acquiring, exploring and developing natural resource properties. MegumaGold has centered its exploration focus on the developing Meguma formation of Nova Scotia.
Osprey (TSX Venture: OS) (OTCQB: OSSPF) is focussed on exploring five historically producing gold properties in Nova Scotia, Canada. Osprey has the option to earn 100% in all five properties.
Date Published: 26/03/2020