ClearFrame Solutions Corp. : CLEARFRAME ANNOUNCES PROPERTY ACQUISITION
(Thomson Reuters ONE) -
1050 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 644-4488
July 3, 2012
CFA.H
ClearFrame Solutions Corp. (the "Company") is pleased to announce that it has
entered into property option agreements with Brian Fowler of Pinawa, Manitoba,
and a group of other vendors, with respect to a package of three claims groups,
the Big Duck Lake, the Aguasabon Lake and the Aguasabon River claims, comprising
a total of 53 claims covering 658 units situated in the Thunder Bay Mining
Division of Ontario.
With respect to the Big Duck Lake claims, the Company must pay $113,400 in cash
over two years and issue 108,000 shares in the capital of the Company to the
vendors; for the Aguasabon Lake claims, the Company must pay $36,400 in cash
over two years and issue 34,668 shares in its capital; and for the Aguasabon
River claims, the Company must pay $280,000 in cash over three years, issue a
total of 800,000 shares in its capital and complete $100,000 in work during the
first year of the option. Each of the claims packages is subject to a 2% NSR
royalty retained by the vendors of which the Company can by down 1% through
payment of $1,000,000 with respect to each claim group to the vendors.
The acquisition of the claims is subject to acceptance for filing by the TSX
Venture Exchange.
CLEARFRAME SOLUTIONS CORP.
per:
JEREMY FORD
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or the accuracy of this release.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ClearFrame Solutions Corp. via Thomson Reuters ONE
[HUG#1623271]
Datum: 03.07.2012 - 09:01 Uhr
Sprache: Deutsch
News-ID 162003
Anzahl Zeichen: 2381
contact information:
Town:
Vancouver
Kategorie:
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