12:08 PM EST - Avion Gold Corp. : announced that it has executed an agreement with Great Quest Metals Ltd. for the acquisition of 100% of Great Quest's interest in the Kenieba concessions. Avion Gold previously entered into an option agreement in respect of the Kenieba Concessions pursuant to which it could earn-in to acquire 75% of Great Quest's interest in the concessions. Pursuant to the Acquisition Agreement, Avion Gold has agreed to pay to Great Quest total consideration of $4 million U.S., which shall be comprised of the payment of $500,000 U.S. in cash and the issue of about 7.61 Avion Gold common shares. Avion Gold Corp.
shares V.AVR are trading down $0.005 at $0.48.
