Westcore with 49 North to Acquire Interests in Manitoba Coal Permits

Westcore Energy Ltd. (TSX VENTURE:WTR)reported that the company has entered into a binding agreement with 49 North Resources Inc. to acquire interests in Manitoba Quarry Exploration Permits in respect of an aggregate of 10,273 hectares of lands that are immediately adjacent to the Corporation’s Manitoba properties.

The press release is quoted as saying:

Under the agreement, Westcore will operate all exploration and drilling activities in respect of the Assets and will bear responsibility for all exploration expenditures and related costs (including insurance and maintenance costs such as taxes, fees and rents required to keep the Assets in good standing) until such time as a bankable feasibility study is
completed.

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