By Marketwire,
February 12, 2009 at 7:53 PM
QUEBEC CITY, QUEBEC--(Marketwire - Feb. 12, 2009) - Excel Gold Mining Inc. (the "Company") (TSX VENTURE:EGM) announces the acquisition of the Evezza property (the "Property") after the finalization of negotiations between the Company and the owners of the Property.
Pursuant to Policy 5.3 of the TSX Venture Exchange on expedited acquisitions, 100% of the Property has been transfered to the Company in exchange for 5,850,000 units, (the "Units"), each Unit comprising one fully-paid and non assessable common share in the capital stock of the Company valued at $0.08 (a "Share") and one half (1/2) share purchase warrant, each warrant allowing its holder to purchase one Share at a price of $0.12 per share for a period of 24 months following the Closing Date.