Toronto-listed Northgate Exploration has received regulatory approval to sell its 35% interest in Campbell Resources (TSE).
Northgate will receive $29.4 million for the more than 34.5 million special warrants it sold; these warrants will be exchanged for the same number of common shares of Campbell.
Meanwhile, Campbell has raised $15 million by selling 17.1 million special warrants which are to be exchanged for the same number of common shares of Campbell.
Campbell operates the Joe Mann gold mine near Chibougamau, Que., and has property interests in Mexico.
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