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  • Press Releases

    Waterton Global Announces Successful Completion of Acquisition of Hollister Gold Mine and Esmeralda Mill in Nevada

    May 22nd, 2013

    Waterton Global Resource Management, Inc., (“Waterton Global”) is pleased to announce the successful completion of the purchase of the Hollister gold mine and Esmeralda Mill in Nevada.

    “The purchase of mining assets in a bankruptcy auction is incredibly complex.

    Our project evaluation and investment teams were instrumental in our ability to expediently evaluate these assets and to structure a winning bid”

    As previously announced, the assets were purchased through a court-supervised auction of assets formerly controlled and operated by certain subsidiaries of Great Basin Gold Limited.

    The purchase price for the assets, consisted of initial cash consideration of up to $15mm, plus a 15% net profits royalty agreement that can be terminated after 5 years.

    “The purchase of mining assets in a bankruptcy auction is incredibly complex.

    Our pr