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Constitution Mining Amends Gold Sands Project purchase terms

Investing News Network
Apr. 13, 2010 04:30PM PST
Gold Investing

Constitution Mining Corp. (CMIN.OB) reported that it has amended the terms of its Agreement with Temasek Investments Inc. for the purposes of revising the terms required for it to acquire ownership of 100% of the original mineral rights relating to the 382 square kilometres (147.5 square miles)()- as previously described in our news release of October 1, 2008.

Constitution Mining Corp. (CMIN.OB) reported that it has amended the terms of its Agreement with Temasek Investments Inc. for the purposes of revising the terms required for it to acquire ownership of 100% of the original mineral rights relating to the 382 square kilometres (147.5 square miles)()- as previously described in our news release of October 1, 2008.

The press release is quoted as saying:

Constitution had the option to pay, prior to March 31, 2010, US$8 million and issue 4 million restricted common shares to bring its ownership of these mineral rights to 100% ownership from the current 50% ownership. The anticipated increase in ownership will enable Constitution to take full advantage of certain developments that it believes are promising.

Click here to access the entire press release

Click here to access Constitution Mining Corporate Site

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