Midnight Sun Signs Definitive Option Agreement for Exploration Permits in Zambia
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/29/13 -- Midnight Sun Mining Corp. (the "Company" or "Midnight Sun") (TSX VENTURE: MMA) announces that it has agreed to final terms relating to the option agreement ("Option Agreement") with Kam Chuen Resource Holdings Ltd. ("Kam Chuen"), which was discussed in a May 9th, 2013 news release (available on the Company's website).
Under the terms of the Option Agreement, Midnight Sun can earn a 60% interest in two mineral exploration permits near Solwezi, Zambia that are currently held by Kam Chuen by issuing an aggregate of 15,333,333 shares to Kam Chuen and incurring $3,666,667 of work expenditures ("Expenditures") related to the properties according to the following schedule:
The Option Agreement remains subject to receipt of all necessary regulatory approvals, including the approval of the TSXV.
ON BEHALF OF THE BOARD
Robert Sibthorpe B.Sc (Geology), M.B.A., President & CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Contacts:
Midnight Sun Mining Corp.
Al Fabbro
Director
604-351-8850
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Datum: 29.11.2013 - 21:21 Uhr
Sprache: Deutsch
News-ID 321367
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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