Pacific Ridge Exploration Ltd. (TSXV:PEX) announcedtheir acquisition of 43 mineral claims in the Fyre Lake property, in the Yukon from True North Gems.
As quoted in the press release:
In order to earn a 100% interest in the claims from True North, Pacific Ridge will, subject to TSX Venture Exchange approval, make an initial payment of $15,000 plus 250,000 Pacific Ridge shares and on or before January 31, 2014 will pay an additional $10,000 and 150,000 shares. The agreement is not subject to any underlying royalty interests.
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