Franconia Minerals Intends to Increase Ownership

Franconia Minerals Corporation (TSX:FRA)  reports to increase ownership at Birch Lake.

The press release is quoted as saying:

In accordance with the terms of the Birch Lake Joint Venture Agreement (the “Agreement”), an agreement signed in 2008 between Franconia and the BBJV, Franconia has the right to increase its interest from 70% to 82% by funding all of the BBJV carried interest through to commercial production.

Click here to access the entire news release.

Click here to access Franconia’s company profile.