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MacDonald acquires Noble's entire stake in Holdsworth property

MacDonald Mines Exploration Ltd. said June 12 that it completed the acquisition of Noble Mineral Exploration Inc.'s entire stake in the Holdsworth property in Ontario.

The property is part of the land that comprises MacDonald's Wawa-Holdsworth gold-silver project.

In connection with the closing, Noble initially received 3.8 million MacDonald shares at 15 Canadian cents per share, being the closing price on June 9, as well as 3.8 million warrants.

The remaining 1.7 million MacDonald shares and warrants will be issued over time in the future.