U.S. Gold Corp: Climbs on deal to buy Northern Panther Resource

US Gold

12/08/2020 17:25

** U.S. Gold Corp  USAU.O  up 8.5% at $10.34 
    ** USAU acquires Nevada-based Northern Panther Resource Corp
in all-share deal  urn:newsml:reuters.com:*:nASA012BC
    ** Northern Panther merges into new unit of USAU 
    ** Northern Panther's assets include Challis gold
exploration project in Idaho, and company also has $2.5 mln in
cash reserves
    ** "USAU shareholders now benefit from exploration and
development projects in three of what we believe are the best
U.S. states for mining development – Wyoming, Nevada and Idaho"
- CEO Edward Karr
    ** USAU stock up 30% YTD

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630))