Peterson & Co acts as co-counsel to Probe Mines Limited on the Acquisition of Boises Landrienne Inc.
On December 10, 2014, Probe Mines Limited (“Probe”) acquired Boises Landrienne Inc (“BLI”). The acquisition secures 100% ownership of the mineral rights to 486 patented claims in and around the Borden Gold deposit, which include key claims within the High-Grade Zone (“HGZ”) and an extensive land package connecting Probe’s Borden Gold project to Probe’s East Limb project approximately 22 kilometres to the east. With existing lands, Probe has 100% ownership of the mineral rights over the entire 70 kilometre strike length of the Borden Gold Belt. Probe paid SLI CAD$25 million at closing and issued 6 million shares, which represents 6.6% of the Company.
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