Attwood acquiring Slovakian properties

The acquisition of a 70% stake in Takama Resources will give Attwood Gold (VSE) an interest in gold properties in Slovakia.

In return for the interest, Attwood will pay Takama an aggregate of $600,000 in six payments, issue 250,000 shares and incur minimum property expenditures of $500,000 in the first year.

The company plans to raise up to $4.5 million to fund the acquisition and exploration costs through a private placement of 2 million units at $2.35 each. The units include one share and one warrant to buy an additional share at $2.35 in the first 12 months, increasing to $2.70 for the subsequent six months.