Divestiture • Metals/Mining

NV Gold Acquires Redstar- Exploration Assets

On August 2, 2016, NV Gold acquired metals/mining company Redstar- Exploration Assets from Heliostar

Acquisition Context
  • This is NV Gold’s 2nd transaction in the Metals/Mining sector.
  • This is NV Gold’s 2nd transaction in the United States.
  • This is NV Gold’s 2nd transaction in Nevada.

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M&A Deal Summary

Date August 2, 2016
Target Redstar- Exploration Assets
Sector Metals/Mining
Buyer(s) NV Gold
Sellers(s) Heliostar
Deal Type Divestiture

Target Company

Redstar- Exploration Assets

Nevada, United States
Redstar- Exploration assets consist of a 100% interest (less existing NSRs) in 11 exploration projects (the “Projects”) in Nevada, as well as the AngloGold-Ashanti database. The eleven (11) Nevada projects NVX proposes to acquire include both sediment-hosted and volcanic-hosted gold systems on important mineralized trends, including the Carlin Trend, the Cortez Trend and the Walker Lane.
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Buyer Overview 1

Buyer

NV Gold

Vancouver, British Columbia, Canada

Category Company
Founded 2007
Sector Metals/Mining
DESCRIPTION

NV Gold is a Canadian junior exploration company focused on maximizing shareholder value through acquiring and developing advanced gold projects. NV Gold was founded in 2007 and is based in Vancouver, Canada.


Deal Context for Buyer #
Overall 2 of 3
Sector: Metals/Mining 2 of 3
Type: Divestiture 2 of 3
State: Nevada 2 of 2
Country: United States 2 of 3
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-17 The Afgan-Kobeh Project

Eureka County, Nevada, United States

The Afgan-Kobeh project, comprising an indicated gold resource of 50,000 ounces (1.85 million tons at an average grade of 0.027 oz Au/ton (0.926 g Au/t)) and an inferred gold resource of 34,000 approximately 2,180 acres and consists of 109 unpatented claims.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Magellan Gold - Silver District Project

La Paz County, Arizona, United States

Magellan Gold Corp. - Silver District Project consists of over 2,000 acres of patented and unpatented mining claims and an Arizona state exploration permit, and covers all of the important historic mines and prospects in the Silver District.

Buy -

Seller Profile 1

SELLER

Heliostar

Vancouver, British Columbia, Canada

Category Company
Founded 1983
Sector Metals/Mining
Revenue 37M USD (2025)
DESCRIPTION

Heliostar is a junior exploration company focused on high-grade gold exploration in North America. In Alaska, the Company is exploring the high-grade 100% owned Unga Project, which contains several high-grade gold/silver vein systems, two of which Apollo & Sitka were sites of historically reported high-grade gold production. Heliostar Metals was founded in 1983 and is based in Vancouver, Canada.


Deal Context for Seller #
Overall 1 of 2
Sector: Metals/Mining 1 of 2
Type: Divestiture 1 of 2
State: Nevada 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Newman Todd Project

Vancouver, British Columbia, Canada

Newman Todd Project is a provider of mineral properties based in Canada.

Sell -