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Resource Clips


Posts tagged ‘Trade Winds Ventures Inc (TWD)’

Detour Gold to buy Trade Winds Ventures for $84M

September 26th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningDetour Gold Corp TSX:DGC and Trade Winds Ventures Inc TSXV:TWD announced Detour’s acquisition of Trade Winds for $84 million. Trade Winds shareholders will receive 0.0142 of a Detour share and $0.0001 in cash for each Trade Winds share held. Based on Detour’s Sept. 23, 2011 share price, this represents total consideration of $0.455 per Trade Winds share and a premium of 57% to Trade Winds’ closing price on Sept. 23. Based on the respective 20-day volume-weighted average prices of Detour Gold and Trade Winds as at Sept. 23, the consideration represents a premium of 61%.

Trade Winds’ principal assets are its 50/50 joint venture with Detour in the Block A Property, adjacent to Detour’s Detour Lake Project, and the wholly-owned Gowest Property, also located in the Detour Lake area.

Read more about Trade Winds Ventures and Detour Gold here.

View Company Profile

Contact:
Detour Gold Corp
Gerald Panneton
President/CEO
416.304.0800
or Laurie Gaborit
IR Director
416.304.0581

Trade Winds Ventures Inc
Ian D. Lambert
President/CEO
416.840.9483
or Terry McGee
Investor Relations
866.698.9187 x 228

by Greg Klein

Trade Winds, Detour report Ontario Gold Assays including 1.89 g/t over 28m

March 31st, 2011

Trade Winds Ventures Inc TSXV:TWD in joint venture with Detour Gold Corporation TSX:DGC announced results from the Block A Joint Venture Project in northeastern Ontario. Assays include 1.89 g/t gold over 28 metres, 1.14 g/t over 21 metres, 2.92 g/t over 7 metres, 1.03 g/t over 9.6 metres, 3.47 g/t over 15.4 metres, 2.68 g/t over 8.3 metres, 1.22 g/t over 6 metres, 2.34 g/t over 10.4 metres, 1.5 g/t over 6.5 metres, 1.02 g/t over 5 metres and 2.44 g/t over 11 metres.

Each company has a 50% interest in the property and Trade Winds is the project operator. Block A has a mineral resource estimate of 1.92 million ounces gold indicated at a 0.4 g/t cut-off, and 762,000 ounces gold inferred.

View Company Profile

Contact:
Trade Winds Ventures Inc
Ian D. Lambert
President/CEO
416.840.9843

or Terry McGee
Investor Relations
866.698.9187 x 228

by Ted Niles