Canadian miner to buy rival

photo by golden spike

Forthcoming acquisition Vancouver-based Golden Spike Resources has entered into a non binding letter of intent with Golden Horizon Exploration to purchase 100% of the issued and outstanding shares of Golden Horizon.


Golden Spike Resources is currently carrying out due diligence before it enters into a definitive agreement with Golden Horizon, a miner focused on gold and base metal assets.


Keith Anderson, the chief executive of Golden Spike Resources, said in a statement his company is very excited to have signed this LOI to acquire Golden Horizon and thereby acquire a 100% interest in its Gregory River Property, a mineral exploration property located in a very prospective mineral belt in one of the more favourable jurisdictions worldwide.”


Many parts of Newfoundland, including the Gregory River Property still remain relatively underexplored and offer an exciting opportunity for new discoveries. In addition, the province offers a favorable regulatory environment and supportive communities with near year-round operating conditions and excellent nearby infrastructure,” he said.