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Prize Mining Announces Proposed Divestment of its Remaining Interest in the Yellowjacket Project
Jun. 10, 2010 12:14PM PST
Base Metals Investing Prize Mining Corp. (TSX VENTURE:PRZ) announced the execution of a conditional agreement with Eagle Plains Resources Ltd. in which Eagle Plains has agreed to purchase from Prize Mining its remaining beneficial right, title and interest in the Yellowjacket project, including mineral and placer rights, and all equipment and infrastructure currently in place on the Yellowjacket mine site in exchange for a cash payment of CAD$400,000 and 2,000,000 common shares of Eagle Plains.
Prize Mining Corp. (TSX VENTURE:PRZ) announced the execution of a conditional agreement with Eagle Plains Resources Ltd. in which Eagle Plains has agreed to purchase from Prize Mining its remaining beneficial right, title and interest in the Yellowjacket project, including mineral and placer rights, and all equipment and infrastructure currently in place on the Yellowjacket mine site in exchange for a cash payment of CAD$400,000 and 2,000,000 common shares of Eagle Plains.
The press release is quoted as saying:
Prize Mining Corporation (TSX VENTURE:PRZ) is dedicated to the exploration, discovery and development of precious metal deposits. Prize is exploring for gold in the Atlin area of northwestern British Columbia, Canada and for nickel-copper-palladium and platinum on the Muskox Layered Intrusion in Nunavut, Arctic Canada.
Click here to access the entire press release