Conquest Announces Sale of Zimbabwe Properties to Mayfair Mining & Minerals, Inc.

- January 26th, 2012

Conquest Resources Limited (TSXV:CQR) announced the sale of its Zimbabwe gold properties. The assets and property were sold to Mayfair Mining & Minerals, Inc., a Nevada corporation.

Conquest Resources Limited (TSXV:CQR) announced the sale of its Zimbabwe gold properties. The assets and property were sold to Mayfair Mining & Minerals, Inc., a Nevada corporation.

As quoted in the press release:

The consideration for these assets was 20 million fully paid common shares in the capital of Mayfair having a contractual value of $2 million and representing approximately 36.4% of Mayfair’s current issued capital. Mayfair has covenanted in the purchase and sale agreement to obtain a listing of its shares on a recognized stock exchange or automated quotation system in Canada, the United Kingdom or the United States and to raise a minimum of CAN$500,000 within six months of Closing.

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