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    Zadar Ventures Buys Pasfield Lake Uranium Project in the Athabasca Basin

    Investing News Network
    Sep. 27, 2013 11:32AM PST
    Company News

    Zadar Ventures Ltd. (TSXV:ZAD,FWB:ZAV) purchased a 100% interest in the Pasfield Lake uranium project. The Company has executed a definitive Purchase and Sales agreement with Canterra Minerals Corporation, Triex Minerals Corp., a wholly owned subsidiary of Canterra, and Thelon Capital Ltd.

    Zadar Ventures Ltd. (TSXV:ZAD,FWB:ZAV) purchased a 100% interest in the Pasfield Lake uranium project. The Company has executed a definitive Purchase and Sales agreement with Canterra Minerals Corporation, Triex Minerals Corp., a wholly owned subsidiary of Canterra, and Thelon Capital Ltd.

    As quoted in the press release:

    Under the terms of the agreement the Company will pay $75,000 in cash payments and issue 1,745,000 common shares (1,430,000 to Canterra and 315,000 to Thelon Capital). Canterra will also retain a 2% NSR on the project with a buyback of 1% for $1 million.

    Click here to read the Zadar Ventures Ltd. (TSXV:ZAD,FWB:ZAV) press release
    Click here to see the Zadar Ventures Ltd. (TSXV:ZAD,FWB:ZAV) profile.

    zadar ventures ltdzadar venturestsxv:zad
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