Blue Note and Critical Elements Extend Completion of Croinor Acquisition

Critical Elements Corporation (TSXV:CRE) and Blue Note Mining (TSXV:BNT) announced they will extend the agreement for Blue Note to acquire the Croinor property from Critical Elements.

The press release is quoted as saying:

Under the terms of the Agreement, Blue Note has already made cash payments totaling $135,000 to Critical Elements and, in consideration of additional monthly payments of $10,000, Blue Note now has until December 31, 2011, or such other later date as mutually agreed by Blue Note and Critical Elements, to make a final payment of $2,250,000 to complete the transaction.

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