Cornerstone Metals Acquires Six Copper Properties from Copper One

Cornerstone Metals Inc. (TSXV:CCC) announced that they have signed an LOI to acquire six new copper properties in Arizona and New Mexico, by acquiring all shares of Copper One USA Inc.

As quoted in the press release:

The Company paid the vendor an exclusivity fee of $10,000 on execution of the LOI. The Company also agreed to pay the costs of updating the current NI43-101 report on the Lone Mountain property and, assuming successful due diligence results, on or before April 1, 2013, the Company will fund a property payment owing on the Lone Mountain property of $55,000.

To view the whole press release, click here.