Nuinsco and Coventry Agree to Extend Closing of Cameron Lake Sale
Nuinsco Resources Limited announced that it has agreed with Coventry Resources Limited (“Coventry”) (ASX:CVY – News) to extend the closing date for its sale of the Cameron Lake Gold Project. The Binding Heads of Agreement between Nuinsco and Coventry has also been amended to provide that the parties shall enter into the definitive Sale and Purchase Agreement upon closing.
The parties anticipate receipt of all regulatory approvals to allow the closing of the sale of the Cameron Lake Gold Project to occur in April 2010.
Nuinsco is a growth-oriented, multi-commodity mineral exploration and development company that is focused on uranium, copper, zinc and gold exploration and development in world-class mineralized belts in Canada and Turkey and is investigating opportunities in Egypt. In addition to its property holdings, Nuinsco owns approximately 9% of the outstanding common shares of Gold Hawk Resources Inc. and approximately 2% of the outstanding common shares of Victory Nickel Inc. Shares of Nuinsco trade on the Toronto Stock Exchange under the symbol NWI.