- Autumn Resources has signed a private financing deal to acquire up to a 100 per cent interest in the Currie project
- Belgravia (BLGV) has made an investment in the development of the property to include share ownership of 69 per cent on a partially-diluted basis.
- Belgravia will commit up to C$1 million additional working capital to Autumn Resources for future exploration and development purposes
- Mehdi Azodi has been named Executive Chairman of the Autumn Resources Board of Directors
- Belgravia Capital is unchanged on the day, trading at C$0.03 per share at 3:11 p.m. EST
Autumn Resources has signed a private financing deal to acquire up to a 100 per cent interest in the Currie project.
Belgravia (BLGV) has made an investment in the development of the property to include share ownership of 69 per cent on a partially-diluted basis.
Belgravia will commit up to C$1 million additional working capital to Autumn Resources for future exploration and development purposes
The company also announced Mehdi Azodi has been named Executive Chairman of the Autumn Resources Board of Directors.
“We have built, over the years, an investment portfolio which has grown organically and enabled Belgravia the opportunity for greater diversification and growth exposure. Autumn Resources is the first expansion opportunity for Belgravia to own a larger piece of an operating asset in a sector we feel bullish towards. Belgravia will continue to hold significant ownership in various public and other private holding as well seek other assets which Belgravia will secure upon strict due diligence,” said Azodi.
The Currie Gold Project property is located 40 kilometres east of Timmins, Ontario.
The property lies within the Abitibi Greenstone Belt of Northeastern Ontario and lies along the contact between the Tisdale and Blake River assemblages.
It consists of 131 mining and/or boundary claims totalling approximately 2,620 hectares.
Belgravia Hartford Capital is an investment holding company which invests in public and private companies in legal jurisdictions and under the rule of law.
Belgravia and its investments are considered high-risk business ventures and expose shareholders to financial risks.
Belgravia Capital is unchanged on the day, trading at C$0.03 per share at 3:11 p.m. EST.