Today, Hunt Gold announced that it is disposing of its Lookout Silver” Mine. According to the press release, the company is in the process of staking additional claims surrounding the mine and is selling the entire package.
The decision to sell the assets was made to allow Hunt Gold to maintain an exclusive focus on its Gold Mining interests and obtain additional funds to finance the massive expedited exploration and drilling campaigns currently underway.
The $65 million in proceeds from the sale of the “Lookout Silver” Mine package are being retained by the Company. Hunt Gold anticipates the conclusion of this transaction on February 2, 2009.
Let us hear your thoughts: Hunt Gold Corporation Message Board