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DG365FD46564GFH654FU898 Claude Resources (CRJ.TSX, AMEX: CGR) announced that Auriga Gold Corp. has agreed to acquire the 46% minority interest in the Nokomis Property currently held by Claude. Prior to the acquisition, Auriga Gold held a 54% interest in the Nokomis Property, which is contiguous to the Puffy Lake Property, part of the Maverick Gold Project in Canada. The 2,200 hectare, Nokomis property consists of 39 claims and is located less than 8 kilometers northeast of the Puffy Lake Mill. Highlights: * Under the terms of agreement, Auriga Gold has agreed to issue to Claude 3.4 million common shares of Auriga Gold at an issue price of C$0.35 per share * The shares represent approximately 7.8% of Auriga Gold's outstanding common shares * The issued shares will be subject to a hold period of four months from the closing date of the definitive agreement * The transaction is expected to close on or about November 15, 2011 Neil McMillan, Claude's President and CEO: "This disposition is consistent with Claude's strategy to streamline our property portfolio while maintaining upside to project success via participation in Auriga Gold shares." Paolo Lostritto, National Bank Financial: "We reiterate our Outperform rating and C$3.30 target on Claude Resources shares…Catalysts continue to be:1) Madsen underground drill results, 2) Seabee shaft deepening coupled with Santoy ramp up, and 3) more Amisk drilling." View post: Claude Resources Streamlines Gold Property Portfolio
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