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McFarlane Lake Mining acquires Juby Gold Project and Knight property stake from Aris Mining for $22M, funding via cash, shares, and financing.
McFarlane Lake Mining has completed its $22 million acquisition of the Juby Gold Project and a 25% stake in the Knight property from Aris Mining, paying $13.2 million in cash and 82 million shares.
The deal, funded partly by a $15 million debenture offering and $8.46 million in equity financing, supports McFarlane Lake’s exploration plans and an upcoming NI 43-101 resource estimate.
Aris Mining retains a 19.9% stake in McFarlane Lake and continues focusing on its gold operations in Colombia and Guyana, where it aims to boost annual output to over 500,000 ounces by 2026.
Both companies emphasize sustainable development and Indigenous rights.
McFarlane Lake Mining adquiere el Proyecto Juby Gold y la participación en la propiedad Knight de Aris Mining por $ 22M, financiándose a través de efectivo, acciones y financiamiento.