Acadian Mining repays term loan
Trading Symbol: ADA:TSX; C2Z-Frankfurt
Shares Outstanding: 491,691,616
HALIFAX, Nov. 25 /CNW/ - 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
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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
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For additional information on Acadian's properties and activities, please visit our web site at www.acadianmining.com.
No regulatory authority has approved or disapproved the contents of this
release.
For further information: G. William Felderhof, President & CEO; Terry F. Coughlan, Vice President, (902) 444-7779, Toll Free: (877) 444-7774, mail@acadianmining.com