Nevada Capital ups Euro-Nevada holding

Toronto-based Nevada Capital Corp. has acquired, following private agreements, 162,100 common shares of Euro Nevada Mining.

In addition to the 1,344,560 common shares and a self administered RRSP owned by President Seymour Schulich, the acquisition represents approximately 19% of Euro Nevada’s outstanding common shares.

Incorporated this year, Euro- Nevada holds a number of gold exploration properties in the Carlin gold trend near Elko, Nev. These properties were previously in the portfolio of Franco-Nevada Mining.

According to Schulich, Nevada Capital acquired the additional shares for investment purposes and it may increase its holdings at a later date.