Cartier Sells La Pause Property to Sunset Cove Mining
(firmenpresse) - VAL-D'OR, QUEBEC -- (Marketwired) -- 12/24/14 -- Cartier Resources Inc. (TSX VENTURE: ECR) ("Cartier") announces the sale to Sunset Cove Mining Inc. ("Sunset Cove Mining") of the La Pause gold property, of which Cartier has a 100% interest, in consideration of the issuance of 1,000,000 common shares of Sunset Cove Mining. The La Pause Property comprises 36 claims and is located 800 meters north of the Westwood Mine, near the Town of Cadillac, in Quebec. Cartier will retain a 2% net smelter return royalty, with each tranche of 1% NSR being redeemable for $1,000,000.
There are no cash payments and exploration expenditure commitments forming part of this transaction.
This transaction is subject to regulatory approvals and the securities will be subject to a four (4) month and one (1) day statutory hold period.
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Philippe Cloutier, P.Geo.
President and CEO
819 856-0512
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.12.2014 - 14:00 Uhr
Sprache: Deutsch
News-ID 361496
Anzahl Zeichen: 0
contact information:
Town:
VAL-D'OR, QUEBEC
Kategorie:
Mining & Metals
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"Cartier Sells La Pause Property to Sunset Cove Mining"
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