Salmon River Agrees to Acquire Iron Ore Prospect

Salmon River Resources Ltd. (TSXV:SAL) announced corporate updates and developments.

As quoted in the press release:

Salmon River is pleased to announce that it has further extended the payment terms on its agreement to acquire a 100% interest in the shares of Treppo Grande Iron Pty Ltd. (the “Acquisition”) (see press releases dated 16 June 2010 and 2 May 2012), a private Australian company which holds five granted tenements in the Yilgarn Craton of southwestern Australia, including the highly prospective Treppo Grande iron ore prospects. Under the terms of the agreement for the Acquisition (the “Acquisition Agreement”), the Vendor has agreed to extend the date for completion to 15 January 2013.

Click here to read the Salmon River Resources Ltd. (TSXV:SAL) press release.