Granite Creek Gold to Acquire 100 Percent Interest in Darsalam Gold Concession

Granite Creek Gold Ltd. (TSXV:GCX) announced that it plans to acquire a 100% interest in Darsalam Gold Concession in Mali.

As quoted in the press release:

The Concession is being acquired for 45,000,000 FCFA, which equates to approximately CDN$93,000 at today’s exchange rate. Payments will be made over a 4 year period with the Company having no obligation to continue payments should the property not warrant further exploration. In addition to the cash payment, the Company agrees to issue 500,000 shares to the vendor over a three year period with the first issuance due upon TSX Venture approval of the transaction.

To view the whole press release, click here.