St. Augustine Gold and Copper Ltd. has announced the acquisition of a 25-percent interest in Nationwide Development Corp. (Nadecor) for $43.5 million.

“We are delighted to welcome St. Augustine as a significant shareholder in Nadecor. Both companies are aligned in our goal to advance the King-king Project into production as quickly as possible,” Nadecor President Conrado Calalang said in a statement.

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