Trading Symbol: ADA:TSX; C2Z-Frankfurt |
News Release No. 24-09 |
Shares Outstanding: 491,691,616 |
November 25, 2009 |
ACADIAN MINING REPAYS TERM LOAN
Acadian Mining Corporation (TSX: ADA) ("Acadian" or the "Company") announced today that it has repaid in full the balance of term loan from Royal Roads Corp. due on November 28, 2009, which was in the principal amount of approximately $2,650,000. The loan was secured by the assets of Acadian Mining, which security will now be released.
About Acadian
Acadian is a Halifax, Nova Scotia, Canada based mining company with five advanced gold projects, all of which host National Instrument 43-101 compliant resources. The Company also owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance. Acadian is actively exploring and developing its gold, zinc-lead, and barite properties in Atlantic Canada. Acadian holds a 29.18% interest in Royal Roads Corp. (RRO-TSX-V), which is actively exploring in Newfoundland and Labrador with a current focus on the historic Buchans Camp.
Additional Information
For additional information on Acadian�s properties and activities, please visit our web site at www.acadianmining.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
G. William Felderhof, President & CEO
or Terry F. Coughlan, Vice President
(902) 444-7779 Toll Free: 877-444-7774
mail@acadianmining.com
Halifax, Nova Scotia
No regulatory authority has approved or disapproved the contents of this release.
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Acadian Mining Corporation
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EXPLORATEUR |
CODE : ADA.TO |
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Acadian Mining est une société d’exploration minière d'or basée au Canada. Acadian Mining détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont JACKS POND, BUCHANS, TULKS HILL OPTIONED TO PROMINEX, SMITHFIELD NOVA SCOTTIA, LITTLE SANDY, CLEMENTINE, TULKS NORTH et 15 MILE STREAM au Canada. Acadian Mining est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 4,1 millions CA$ (4,1 millions US$, 3,1 millions €). La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,02 CA$, et son plus haut niveau récent le 22 janvier 2010 à 9,00 CA$. Acadian Mining possède 67 690 000 actions en circulation. |