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Carolina Capital to acquire Madison gold mine from Coronado


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Carolina Capital to acquire Madison gold mine from Coronado

CarolinaCapital Corp. has entered a definitive agreement to acquire the450-acre Madison gold-copper mine in southwestern Montana fromCoronado Resources Ltd.

Carolina is required to pay C$250,000 on closing of theagreement, issue 500,000 shares each on the first and second anniversary andpay C$100,000 on start of commercial production.

The transaction is subject to the completion of a TSXVenture Exchange-approved private placement financing for at least C$500,000.

Coronado subsidiary Lynx Platinum Ltd. is in the process of all of its platinumgroup metals exploration permits in New Zealand.