Toronto-based Redaurum (RRK-T) is acquiring the assets of Centenary Investments and, toward that end, will complete a private placement of up to $12 million.
The assets, valued at $160 million, consist of “mining, exploration and smelting properties” in North America; Redaurum officials offered no further details.
Redaurum currently owns the Kelsey Lake diamond mine in Colorado, a half-interest in the River Ranch diamond mine in Zimbabwe and exploration properties in South Africa, Botswana and Indonesia.
The agreement is subject to due diligence, as well as shareholder and regulatory approval.
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