June 16 (Reuters) - Gowest Gold Ltd GWA.V -
* Gowest to acquire 50% ownership interest in Redstone Mill
* Gowest Gold Ltd - Gowest and Northern Sun enter into a definitive agreement to operate mill as a 50/50 joint-venture
* Upon completion of transaction, co, Northern Sun Mining, will hold a 50% interest in jvco
* Gowest GOLD LTD - gowest, northern sun and jvco will enter into a unanimous shareholder agreement
* Gowest gold ltd - assets will be transferred to jvco free and clear of all liens or encumbrances
* Gowest GOld Ltd - redstone mill is currently wholly-owned by northern sun and has capacity to process approximately 1,500 tonnes of ore-per-day
* Gowest Gold - jvco will assume obligations, liabilities relating to redstone mill, in exchange for shares of jvco having aggregate deemed value of $23 million Source text for Eikon: ID:nCCNK47ZCa Further company coverage: GWA.V