Bridgeport Ventures Inc. Completes Acquisition of Nevada Properties

Bridgeport Ventures Inc. (TSX:BPV) acquires from Fronteer Gold Inc. (TSX:FRG) a 100 per cent interest in 10 mineral properties in Nevada, USA, and a 50% leasehold interest in one property.

The press release is quoted as saying:

Fronteer has retained a net smelter return royalty in the properties of up to 2%. Bridgeport has issued to Fronteer 4.5 million common shares in consideration of the acquisition resulting in Fronteer becoming the largest shareholder of Bridgeport. In addition to the properties acquired from Fronteer, Bridgeport has staked a further 175 claims adjacent to the most prospective properties and intends to continue with the land acquisition effort.

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