Prime Meridian Resources Corp. is pleased to announce that subject to TSX Venture Exchange approvals, the Company has executed a formal purchase agreement to acquire 282 mineral claims covering 5,830 hectares in the Dixie Lake area of the Red Lake Mining District of Ontario, bringing the Company’s total land position in the area to 10,180 hectares. The claims are generally contiguous with PMR’s existing Camping Lake …
Prime Meridian Resources Corp. (TSXV: PMR) (“PMR” or the “Company”) is pleased to announce that subject to TSX Venture Exchange approvals, the Company has executed a formal purchase agreement (“Purchase Agreement”) to acquire 282 mineral claims covering 5,830 hectares in the Dixie Lake area of the Red Lake Mining District of Ontario, bringing the Company’s total land position in the area to 10,180 hectares. The claims are generally contiguous with PMR’s existing Camping Lake Project and east of PMR’s Bruce Lake Project (the figure below highlights the Company’s Red Lake claims).
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5386/95790_77f37fdd0416faa3_001full.jpg
The Company will acquire a 100% interest in the new claims, with no royalties, by issuing a total of 1,000,000 common shares of the Company and paying $15,000 to the vendor, as per the following:
- Issuing 500,000 common shares and paying $15,000 upon the receipt of TSX Venture Exchange acceptance of the Purchase Agreement; and
- issuing 500,000...
Read Full Story: https://investingnews.com/news/gold-investing/prime-meridian-resources-corp.announces-purchase-agreement-on-new-claims-in-the-red-lake-district-of-ontario/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.