Outback Goldfields – More Information On The Acquisition Of A Portfolio Of Finnish Gold Projects From S2 Resources
Outback Goldfields (TSX.V:OZ – OTCQB:OZBKF) recently announced a shift in focus to Finland, through an acquisition of the portfolio of projects from S2 Resources. This news was announced on March 1st and follow up news on a concurrent $5million financing announced on April 25th.
Chris Donaldson, President and CEO of Outback joins me to provide more information on the deal, which includes an option for S2 to earn into the Outback projects in Australia.
We discuss the portfolio of Finnish projects, all located in the Central Lapland Greenstone Belt, where Agnico, Rupert Resources and Aurion Resources are all active. See the map below from the March 1st news release to view the location of the projects.
We start with the Panna Project and how the Company will follow up on an early stage discovery. We also discuss the JV agreements in place with Kinross and Rupert Resources. We then tie in the $5million financing and what the post-financing valuation will be.
If you have any follow up questions for Chris please email me at Fleck@kereport.com.
Click here to visit the Outback Goldfield website to read over the news release outlining this deal.
Figure 1: Map showing the distribution of S2’s project portfolio with respect to significant projects and companies in the district.
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