Trading Symbol: ADA: TSX
HALIFAX, June 3, 2011 /CNW/ - Acadian Mining Corporation ("Corporation" or "Acadian") (TSX: ADA) is pleased to announce that it has made the final payment with respect
to amounts owing pursuant to a guarantee given in 2007, in respect of
several leases and conditional sales agreements ("Equipment
Agreements") between an equipment supplier and a wholly-owned
subsidiary of the Corporation.
Acadian agreed to pay the equipment supplier $900,000 in full and final
settlement of all amounts owing with respect to the Equipment
Agreements. The final payment was made on May 30, 2011.
About the Corporation
Acadian is a Halifax, Nova Scotia, Canada based company with five
advanced gold projects, all of which host National Instrument 43-101
compliant resources. The Corporation also owns barite properties on
Cape Breton Island, Nova Scotia. Acadian's primary focus is centered
on exploration and development of its gold deposits in Atlantic Canada.
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
SOURCE ACADIAN MINING CORPORATION
For further information:
Grant Ewing, President and Chief Executive Officer
(902) 444-7779 Toll Free: (877) 444-7774
Halifax, Nova Scotia