-Glass Earth Gold Limited acquires Goldmines New Zealand Limited and remaining 50 percent share of Dunstan Mining Limited.
International Resource News-March 15, 2012--Glass Earth Gold Limited acquires Goldmines New Zealand Limited and remaining 50 percent share of Dunstan Mining Limited(C)1994-2012 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 15 March 2012
Glass Earth Gold Limited (TSX VENTURE:GEL)(NZAX:GEL), a New Zealand-based gold exploration company, has purchased its placer gold production joint venture partner, Goldmines New Zealand Limited and the remaining 50 percent share of the joint venture's mining operator, Dunstan Mining Limited.
The firm signed a contract to acquire full ownership of its placer joint venture and associated mining equipment on March 15, 2012.
The deal includes purchasing the 50 percent of shares in Dunstan Mining Limited that the company did not already own, and 100 percent of the shares in Goldmines New Zealand Limited.
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