The Conversation (0)
Alpha Exploration (TSXV:AEX) has earned its 60 percent interest in the Carpenter Lake Property in Athabasca, Saskatchewan. Details on follow-up exploration work performed in 2014 by Alpha will be released as soon as programs and budgets are reviewed and approved by the Carpenter Lake joint venture.
As quoted in the press release:
Alpha has notified Noka Resources Inc. (“Noka”, TSXV: NX) that it has earned a 60-per-cent interest in Carpenter Lake according to the option and joint venture agreement between the two companies dated January 13, 2014. Alpha had the option to acquire a 60-per-cent interest in the Property in consideration of $50,000 cash, 400,000 common shares and $1.25-million in exploration expenditures. Those obligations have been met by Alpha, and a joint venture has been formed, as per respective company interests (60-per-cent Alpha; 40-per-cent Noka). Alpha is the Operator of the joint venture.
Click here to read the Alpha Exploration (TSXV:AEX) press release
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