NU-Med Plus Announces Acquisition of Avid Gold and Agreement to Acquire Canadian Gold Properties

Sentiment Analysis
Nu-Med Plus, Inc. (OTCQB: NUMD) ("Nu-Med" or the "Company"), a Utah company whose shares are quoted on the OTCQB Venture Market, today announces that it has acquired Avid Gold Ltd ("Avid Gold") and its wholly-owned subsidiary Maritimes Gold Corp. ("Maritimes Gold"), a Canadian gold exploration and development company.
The Company also announced today that Nu-Med and its subsidiaries have entered into a Mineral Property Purchase Agreement with MegumaGold Corp. ("MegumaGold") and its wholly-owned subsidiaries 1156219 B.C. Limited and Crosby Gold Ltd to acquire six gold properties located in the Provinces of Nova Scotia, New Brunswick, and Newfoundland and Labrador in Canada (collectively the "Properties").
The closing of the Mineral Property Purchase Agreement is subject to the satisfaction or waiver of a number of conditions precedent, including, among others, approval of the transaction by the shareholders of MegumaGold, and the satisfaction of other customary closing conditions.
Avid Gold is a holding company comprised solely of its wholly-owned subsidiary Maritimes Gold. Maritimes Gold seeks to identify high-grade gold exploration projects through disciplined technical evaluation and industry expertise, with the objective of acquiring these projects and advancing a portfolio through exploration, development, and production.
The Properties span more than 30,900 acres of mineral claims in Atlantic Canada, with four of the Properties located within the Meguma Terrane, one of Canada's most significant gold-producing regions.
The Company will be led by an experienced board of directors (the "Board") that possesses both gold exploration and development expertise and public markets experience.
William Hayde, previously the Company's Chief Executive Officer, has been appointed Chairman of the Board, with Keith Merrell continuing to serve as Chief Financial O...
Source: Newsfile Corp
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