Copper One Inc. (TSXV:CUO) has signed an agreement with Lounor Exploration Inc. (TSXV:LO) to acquire the Queylus copper gold property, Chibougamau, Quebec.

As quoted in the press release:

Under the terms of the Purchase Agreement, Copper One will acquire 100% of the Property by paying to Lounor $23,750 in cash, issuing to Lounor 475,000 common shares of Copper One and granting to Lounor royalties ranging from 1% to 2% of the net smelter return in connection with ore extracted from certain claims comprising the Property.

Click here to read the Copper One Inc. (TSXV:CUO) press release.