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Georgetown Capital Corp. Announces Option Agreement for Qualifying Transaction
Oct. 08, 2010 03:11PM PST
Gold InvestingGeorgetown Capital Corp. (CVE:GET.P) announced that it has entered into an agreement with Full Metal Minerals USA Inc., a wholly owned subsidiary of Full Metal Minerals Ltd. (CVE:FMM), dated October 6, 2010 which grants the Company’s Alaskan subsidiary an exclusive right to acquire a 60% undivided beneficial interest in the Tanacross mineral property in Alaska.
Georgetown Capital Corp. (TSXV:GET.P) announced that it has entered into an agreement with Full Metal Minerals USA Inc., a wholly owned subsidiary of Full Metal Minerals Ltd. (TSXV:FMM), dated October 6, 2010 which grants the Company’s Alaskan subsidiary an exclusive right to acquire a 60% undivided beneficial interest in the Tanacross mineral property in Alaska.
The press release is quoted as saying:
Upon Georgetown earning its 60% interest, the parties will form a joint venture whereby each party must proportionately contribute to future programs or be diluted to a net profits interest.
Click here to access the entire press release
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