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.