Business
Nubian Receives FIRB Approval and Finalizes Definitive Documents for Acquisition of Yandoit Advanced Gold Project in Victoria, Australia
Nubian Receives FIRB Approval and Finalizes Definitive Documents for Acquisition of Yando...
About this update from Carlton Precious Inc
[{"type":"text","content":"\n \n \n \n Nubian Receives FIRB Approval and Finalizes Definitive Documents for Acquisition of Yandoit Advanced Gold Project in Victoria, Australia\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n TORONTO, Oct. 27, 2020\n \n \n \n \n \n TORONTO\n \n ,\n \n Oct. 27, 2020\n \n /CNW/ - Nubian Resources Ltd. (TSX-V: NBR) (\"Nubian\" or the \"Company\") is pleased to announce that, further to its news releases dated\n \n May 28, 2020\n \n and\n \n August 25, 2020\n \n , the Company has entered into a definitive subscription agreement (the \"Subscription Agreement\") and has settled on definitive agreements to acquire a 60% interest and the right to acquire the remaining 40% interest in the Yandoit Gold Project (the \"Project\"), situated in the historic Daylesford gold corridor of central\n \n Victoria, Australia\n \n . The Project consists of approximately 38 square kilometres (3,800 ha) of property interest held under one Mining Licence and two Exploration Licences, containing six historic gold mines.\n \n \n \n Martin Walter\n \n , President & CEO of Nubian, commented, \"We are very pleased to have settled the definitive agreements and to have entered into the Subscription Agreement to acquire the Yandoit Gold Project.  The process to finalize structure and documentation in\n \n Australia\n \n and regulatory approval in\n \n Canada\n \n required the Company to seek FIRB (Foreign Investment Review Board) approval for the Company's investment into\n \n Australia\n \n .   We're pleased to confirm that Nubian has now received FIRB approval for all its acquisitions including the Yandoit Gold Project and the Fosterville East Project, both located in\n \n Victoria, Australia\n \n and the\n \n Lefroy\n \n and Mathinna projects located in\n \n Tasmania, Australia\n \n (see press release of\n \n July 15\n \n \n th\n \n ).   With FIRB approval having been received, Nubian is progressing to complete the transactions.\"\n \n \n The Company, through its wholly-owned subsidiary Blackwood Prospecting Pty Ltd (\"Blackwood\"),...