Probe Gold Completes Stella Property Acquisition

Deal News | Jan 07, 2025 | Globenewswire

Probe Gold Completes Stella Property Acquisition

Probe Gold Inc., a prominent Canadian gold exploration company, has finalized the acquisition of the Stella Property in Val-d’Or, Quebec, reinforcing its strategic expansion in this mineral-rich region. The property, rich in high-grade gold prospects, includes the historic Lacoma gold zone and is situated between Probe's other significant land holdings, the Croinor and Megiscane properties. The acquisition was executed through the issuance of 149,066 common shares of Probe Gold, valued at approximately $250,000. The acquisition underpins Probe's commitment to consolidating land within the Val-d’Or East area, where its flagship Novador Project is located. This transaction further bolsters Probe's land position, crucial for future exploration and development, aligning with its strategy to uncover additional gold resources in one of Quebec's prolific gold belts.

Sectors

  • Mining and Exploration
  • Natural Resources

Geography

  • Canada – The acquisition takes place in Quebec, Canada, where Probe Gold is expanding its land holdings in the Val-d’Or region.

Industry

  • Mining and Exploration – The article details Probe Gold's acquisition of the Stella Property, focused on gold exploration in Quebec, part of the mining and exploration industry.
  • Natural Resources – The acquisition aims to enhance Probe Gold's resource potential in the Val-d’Or region, prominent for its gold resources.

Financials

  • $250,000 – The acquisition cost of the Stella Property, paid in Probe Gold shares.

Participants

NameRoleTypeDescription
Probe Gold Inc.AcquirerCompanyA Canadian company focused on acquiring, exploring, and developing gold properties.
Leopard Lake Gold Corp.VendorCompanyThe selling company from whom Probe Gold acquired the Stella Property.
Marc DucharmeQualified PersonPersonVice President Exploration at Probe Gold and a Qualified Person as per NI 43-101.
Dr. David PalmerPresident & CEOPersonPresident and Chief Executive Officer of Probe Gold Inc.