Magnacon mill deal is extended

A deadline to purchase the Magnacon gold mill near Wawa, Ont., has been extended by two months says Richard Nemis, president of Central Crude (TSE).

Nemis says he now has until mid-summer to raise the $2 million needed to buy a 75% interest in the mill and related infrastructure from partners Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE).