Origin Gold to acquire new $9.15 mn gold project in Colombia

Origin Gold signed a definitive agreement to acquire the Otu Central gold project in Colombia from Bullet Holding Corp. Located in Antioquia, the 24,255-hectare project consists of interests in 26 mining claim titles and applications, which the Toronto-based company will wholly acquire for a total of approximately $9.15 million, paid in cash, common shares following the completion of a private placement and common shares issued to Bullet on the one and second-year anniversary of the deal.

Source: Stockhouse