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Message: Acadian ditching Royal Roads Corp

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Acadian ditching Royal Roads Corp

posted on Apr 20, 10 01:38PM

HALIFAX, April 20 /CNW/ - Acadian Mining Corporation (TSX: ADA - News; "Acadian" or the "Corporation") announced today that it has entered into an agreement with a number of parties for the sale of its 29.18% interest in Royal Roads Corp. The transaction, which is expected to close before the end of April, will generate C$1.96 million cash for Acadian. Acadian plans to use the sale proceeds to fund its gold exploration program and for working capital.

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