Nu-Med Plus (OTCQB: NUMD) announced the completed acquisition of Avid Gold and its wholly owned subsidiary Maritimes Gold, a Canadian gold exploration and development company. Nu-Med and its subsidiaries also entered into a Mineral Property Purchase Agreement with MegumaGold and its subsidiaries to acquire six gold properties in Nova Scotia, New Brunswick, and Newfoundland and Labrador.
The Properties cover more than 30,900 acres of mineral claims in Atlantic Canada, with four located in the Meguma Terrane, a major Canadian gold-producing region. The company will be led by an experienced board, with former CEO William Hayde becoming Chairman, Keith Merrell continuing as CFO and director, and geologist Fred Tejada joining as director and Sr. Vice President & Chief Geologist to lead gold exploration activities. Closing of the Mineral Property Purchase Agreement remains subject to MegumaGold shareholder approval and other customary conditions.