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Edge Resources Adds Additional Landholdings Near its Primate Assets
Jul. 17, 2012 07:51PM PST
Oil and Gas Investing
NASDAQ reported that Edge Resources Inc. (TSX:EDE) has added additional landholdings near its Primate assets in Saskatchewan to 12,800 acres.
NASDAQ reported that Edge Resources Inc. (TSX:EDE) has added additional landholdings near its Primate assets in Saskatchewan to 12,800 acres.
As quoted in the market news:
Total consideration for the two undeveloped sections (1,280 acres) of crown land included a cash payment of $60,000 ($47/acre or $116/Ha) plus a non-convertible overriding royalty of 3%.