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Green Swan Capital Corp. (TSXV:GSW) announced an update on Winston Resources Inc. (CNSX:WRW).
Green Swan Capital Corp. (TSXV:GSW) announced an update on Winston Resources Inc. (CNSX:WRW).
As quoted in the press release.
Winston recently announced what it believes is such a transaction, namely, that it intends to acquire 100% of the Etamame Lake Nickel Project (“Etamame”), together with the data of a March, 2011 VTEM AEM geophysical airborne survey (the “Airborne Survey”) carried out over Etamame. The total acquisition price was $372,500 payable in a combination of cash and Winston treasury shares at a deemed price of $0.25 per share.
According to Winston, Etamame is located in the Lingman Lake greenstone belt, near Sachigo Lake in Northwestern Ontario. Etamame consists of 10 claim blocks totalling 142 claim units that have not previously been drilled. The Airborne Survey identified numerous prospective targets associated with strong magnetic anomalies. Winston believes that Etamame represents a highly prospective potential nickel deposit that justifies a drilling program.
Click here to read the Green Swan Capital Corp. (TSXV:GSW) press release.
