Visible Gold Mines, Inc., a natural resource mining company, has entered into an agreement to acquire 100% stake in the Silidor property, comprised of 13 mining claims in province of Quebec, Canada from Newmont Canada Corporation and IAMGOLD Corporation. All the companies are based in Canada.

Newmont Canada is a subsidiary of Newmont Mining Corporation, while IAMGOLD is a mining and exploration company.

The consideration will be satisfied by the issue of an aggregate 400,000 common shares representing a 55% to Newmont and a 45% to IAMGOLD.