Trading Symbol: ADA:TSX; C2Z-Frankfurt |
News Release No. 24-09 |
Shares Outstanding: 491,691,616 |
November 25, 2009 |
ACADIAN MINING REPAYS TERM LOAN
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 $2,650,000. The loan was secured by the assets of Acadian Mining, which security will now be released.
About Acadian
Acadian is a Halifax, Nova Scotia, Canada based mining company with five advanced gold projects, all of which host National Instrument 43-101 compliant resources. The Company also owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance. Acadian is actively exploring and developing its gold, zinc-lead, and barite properties in Atlantic Canada. Acadian holds a 29.18% interest in Royal Roads Corp. (RRO-TSX-V), which is actively exploring in Newfoundland and Labrador with a current focus on the historic Buchans Camp.
Additional Information
For additional information on Acadian�s properties and activities, please visit our web site at www.acadianmining.com.
FOR FURTHER INFORMATION, PLEASE CONTACT:
G. William Felderhof, President & CEO
or Terry F. Coughlan, Vice President
(902) 444-7779 Toll Free: 877-444-7774
mail@acadianmining.com
Halifax, Nova Scotia
No regulatory authority has approved or disapproved the contents of this release.
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Acadian Mining Corporation
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EXPLORATION STAGE |
CODE : ADA.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Acadian Mining is a gold exploration company based in Canada. Acadian Mining holds various exploration projects in Canada. Its main exploration properties are JACKS POND, BUCHANS, TULKS HILL OPTIONED TO PROMINEX, SMITHFIELD NOVA SCOTTIA, LITTLE SANDY, CLEMENTINE, TULKS NORTH and 15 MILE STREAM in Canada. Acadian Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.1 millions as of today (US$ 4.1 millions, € 3.1 millions). Its stock quote reached its lowest recent point on December 24, 2008 at CA$ 0.02, and its highest recent level on January 22, 2010 at CA$ 9.00. Acadian Mining has 67 690 000 shares outstanding. |