Probe Gold fortifies Quebec holdings with Stella acquisition

Deal News | Jan 07, 2025 | Globenewswire

Probe Gold Inc. has successfully finalized the acquisition of a 100% interest in the Stella property from Leopard Lake Gold Corp. The property is strategically significant, strengthening Probe's land position in Val-d'Or, Quebec, as it lies east of their flagship project, Novador. The acquisition was completed through an issuance of 149,066 Probe Gold shares, valued at approximately $250,000. The Stella property, with a storied history dating back to 1925, offers high-grade gold mineralization potential and is positioned strategically between Probe's existing properties: Croinor and Megiscane. The transaction enhances Probe’s exploration strategy by consolidating key land assets in a mineral-rich, yet underexplored, Canadian gold belt. Probe's continued focus on acquiring and developing high-potential gold properties underscores their leading role in the precious metals exploration sector, with major assets in Quebec including the Detour Gold and Novador projects.

Sectors

Mining and Metals
Investment

Geography

Canada – The acquisition and exploration activities are centered in Quebec, Canada, specifically in the Val-d'Or region, known for its mining operations.
Quebec – The article focuses on a property acquisition in Quebec, highlighting its importance in Probe Gold's strategic expansion within the province's mining areas.

Industry

Mining and Metals – The article discusses the acquisition of a gold property by Probe Gold, which is directly related to the mining and exploration of precious metals, specifically gold.
Investment – The transaction involves the strategic acquisition and consolidation of land assets for exploration and development, indicating investment in natural resources.

Financials

$250,000 – The value of the shares issued by Probe Gold to acquire 100% interest in the Stella property.
149,066 shares – Number of Probe Gold shares issued at a price of $1.677 per share to Leopard Lake Gold as part of the transaction to acquire the Stella property.

Participants

Name	Role	Type	Description
Probe Gold Inc.	Bidding Company	Company	A Canadian leading company focusing on the acquisition, exploration, and development of gold properties. It owns the flagship Novador project and other significant assets in Quebec.
Leopard Lake Gold Corp.	Selling Company	Company	A company involved in gold exploration and development, which sold the Stella property to Probe Gold.
Marc Ducharme	Qualified Person	Person	Vice-President of Exploration at Probe Gold who prepared and approved the scientific and technical content of the press release.