Oklahoma-based Americomm (NASDAQ) will acquire all the Nevada gold interests of Southwestern Gold (TSE). The deal includes 148 unpatented, non-producing mining claims contained within four properties.
The purchase price of 4 million restricted shares of Americomm common stock will give Southwestern control of about 14% of its stock. The deal is subject to the necessary approvals.
Americomm plans to begin exploring one or more of these properties in 1995.
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