Baja Gold sells Mahogany shares

The sale of all its interest in International Mahogany (TSE) will raise $1.3 million for Baja Gold (TSE).

Baja agreed to sell its 150,000 class A common shares and 4,114,958 class B subordinate voting shares to Ecumed Resources.

The deal is subject to a 30-day due diligence period, as well as completion of the sale of Mahogany’s Tuina project in Chile to Yuma Gold Mines (VSE).