Premium Exploration Enters New Option Agreement with Logan Resources Ltd.

Premium Exploration Inc. (TSXV:PEM) announced the signing of an Option and Joint Venture Agreement with Logan Resources Ltd. Under the terms of the agreement, Logan has an option to acquire a 75% interest in the Idaho Gold property.

As quoted in the press release:

Logan may earn a 75% interest in the Property by doing the following:
Completing the conditions required to earn the 51% interest in the Property.
Issuing 5,000,000 common shares of Logan to Premium.
Incurring additional Exploration Expenditures of $3,000,000 on the Property on or before the date that is 60 months from the Closing Date.

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