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Wednesday, January 23, 2013

BRIEF-Nord Gold secures $280 million financing for High River Gold acquisition, (TSE: HRG.TO)

Nord Gold NV : * Secured $280 million in bridge financing, coordinated by natixis, sberbank cib and societe generale. * proceeds have been used to finance the acquisition of all the outstanding shares of High River Gold Mines Ltd

High River Gold Mines Ltd. (High River) is a Canada-based gold mining company with producing mines and exploration and development projects in Burkina Faso (West Africa) and Russia. Shares of HRG remained unchanged at $1.39. In the past year, the shares have traded as low as $0.91 and as high as $1.44. On average, 113235 shares of HRG.TO exchange hands on a given day and today's volume is recorded at 12800.