Trading Symbol: ADA:TSX; C2Z-Frankfurt Shares Outstanding: 491,691,616 </pre> <p/> <p><location>HALIFAX</location>, <chron>Nov. 25</chron> /CNW/ - Acadian Mining Corporation (TSX: ADA) ("Acadian" or the "Company") announced today that it has repaid in full the balance of term loan from <person>Royal Roads</person> Corp. due on <chron>November 28, 2009</chron>, which was in the principal amount of approximately <money>$2,650,000</money>. The loan was secured by the assets of Acadian Mining, which security will now be released.</p> <p/> <pre> About Acadian ------------- </pre> <p>Acadian is a <location>Halifax</location>, Nova Scotia, <location>Canada</location> based mining company with five advanced gold projects, all of which host National Instrument 43-101 compliant resources. The Company also owns a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia, which is currently on care and maintenance. Acadian is actively exploring and developing its gold, zinc-lead, and barite properties in Atlantic <location>Canada</location>. Acadian holds a 29.18% interest in <person>Royal Roads</person> Corp. (RRO-TSX-V), which is actively exploring in Newfoundland and Labrador with a current focus on the historic Buchans Camp.</p> <p/> <pre> Additional Information ---------------------- </pre> <p>For additional information on Acadian's properties and activities, please visit our web site at <a href="http://www.acadianmining.com">www.acadianmining.com</a>.</p> <p/> <pre> No regulatory authority has approved or disapproved the contents of this release.
For further information: G. William Felderhof, President & CEO; Terry F. Coughlan, Vice President, (902) 444-7779, Toll Free: (877) 444-7774, [email protected]
Share this article