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Silver Standard to buy Claude Resources for $252m

Silver Standard Resources has announced a definitive agreement to buy Claude Resources, the Saskatchewan-focused gold miner and explorer.

Silver Standard to buy Claude Resources for $252m Silver Standard to buy Claude Resources for $252m Silver Standard to buy Claude Resources for $252m Silver Standard to buy Claude Resources for $252m Silver Standard to buy Claude Resources for $252m

The Seabee gold mine in Saskatchawan

Under the terms of the deal TSX-listed Claude Resources shareholders will receive 0.185 of a Silver Standard common share for each share they hold. This works out to C$1.

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