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MacDonald Mines to acquire claims from Sage Gold

TSX-listed MacDonald Mines will buy Sage Gold’s interest in the Soocana claims, which are adjacent to its Holdsworth property, in the Esquega and Corbiere townships of Northern Ontario. MacDonald will issue four-million units of its class A common shares and warrants to Sage, which will also hold a 1% net smelter return royalty on the property.