IT/Software

Canadian gold mine up for sale in exchange of bitcoins

Software CBR Staff Writer

14:06, June 10 2014

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A mining company has published an advertisement for the sale on bitcoin market place BitPremier.

An unnamed mining firm is selling its Gold mine located in Dawson city of Canada in exchange of bitcoins.

The mining company has published its advertisement for the sale on bitcoin market place, BitPremier, asking a sale price of $2m.

The company is asking $2m price on behalf of the parent company which owns the gold mine, associated assets, machineries as well as mining rights and leases over the mining land.

Asking price for the mine includes $1m for equipment and $1m per year in sales while the company owns one mining property and a lease agreement on another property.

As per the advertisement, the mine has a potential produce 3,000 - 4,000 ounces per year of gold and the buyer can recover the initial investment in two mining seasons

Though the advertisement did not disclose the identity of the company, but it said that the company was founded in 1986, the President and CEO of the company has been working in the mining industry for 35 years.

Following the sale, the company owners want to remain in a management and advisory role for up to five years.

The advertisement also added that the company can provide the latest geological data about the mining as well as disclose its financial statements, tax returns, balance sheet.

 

Photo credits: Arthur Chapman, Michael Kooiman, Iwona Kellie/BitPremier

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