Dourado buys Zelta Holdings for $1.2m

Perth-based Dourado Resources has boosted its exploration portfolio following the acquisition of unlisted public company Zelta Holdings for $1.2 million.

The company today said it had acquired 100 per cent of the issued capital from a number of unrelated shareholders, making Zelta now a wholly owned subsidiary of Dourado.

The acquisition increases Dourado's landholding at the Garden Gully gold project to 46.5 square kilometres.

Shares in Dourado closed up half-a-cent to 22.5 cents today.