Paget Obtains Shareholder Approval for Vending of the Ball Creek Project, BC
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/16/15 -- Paget Minerals Corp. (TSX VENTURE: PGS), ("Paget" or the "Company") is pleased to announce that further to the Company''s news release on April 27, 2015, the Ball Creek agreement (the "Agreement") between Paget and Evrim Resources Corp. (TSX VENTURE: EVM) ("Evrim") has been approved by Paget''s shareholders. The Agreement remains subject to acceptance by the TSX Venture Exchange.
Evrim will acquire a 100% interest in the Ball Creek Project in northwest British Columbia. Drilling and surface work on the 52,000 hectare property has shown significant copper-gold-molybdenum porphyry-style mineralization and indications of epithermal gold-silver deposits.
Paget''s President and CEO, David Volkert, commented, "Paget will receive an up-front cash payment as well as participation in the future success of the Ball Creek Project through cash or share payments as certain exploration milestones are achieved or as joint venture payments are received by Evrim. The Company intends to remain active as a prospect generator by identifying and acquiring target properties in Canada and the Americas Cordillera."
The Agreement
Paget will receive $150,000 cash at closing plus the following Evrim shares (or cash equivalent):
In addition, Paget will receive the following percentages of any future payments received by Evrim from any Future Agreement:
The Evrim-Paget agreement is arm''s length and no finder''s fees are payable.
About Paget Minerals Corp.
Paget Minerals Corporation is a publicly traded resource company focused on mineral exploration and as a prospect generator continues to identify and acquire target properties in Canada and the Americas Cordillera. David Volkert, President and CEO, serves as the Qualified Person under the definitions of NI 43-101.
On Behalf of the Board of Paget Minerals Corp.,
"David F. Volkert"
President & CEO
Contacts:
Paget Minerals Corp.
David F. Volkert
President & CEO
778 938 9734
604 513 5708 (FAX)
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Datum: 16.06.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 1366422
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Mining & Metals
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