Acquisition Adds To Assets In Utah And Idaho
TORONTO - Revival Gold Inc. reported completion of combination between Revival Gold and Ensign Minerals Inc. by way of a statutory three-cornered amalgamation under the Business Corporations Act (British Columbia), whereby Ensign and Revival Gold Amalgamation Corp., a wholly-owned subsidiary of Revival Gold, amalgamated to form a newly amalgamated company, named Ensign Minerals Inc. (Amalco).
Hugh Agro, President, CEO and Director, said, “With the completion of this transaction, Revival Gold is poised to capitalize on rising gold prices, boasting one of the largest pure gold development portfolios in the United States. Our assets in Utah and Idaho comprise approximately 12,000 hectares (almost 30,000 acres) in complementary, proven mining camps, offering excellent infrastructure, exciting exploration potential, and local community support. We look forward to providing further updates as work progresses to transform Revival Gold into an emerging heap leach gold producer, with targeted aggregate gold production of 150,000 ounces per year.”