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Orefinders Resources Inc. (TSXV:ORX) amended the terms of the Derlak Red Lake option agreement with Jubilee Gold Exploration Ltd., providing the Company with an additional year to satisfy its work commitment and earn a 100% interest in the Derlak Red Lake gold property in Ontario.
As quoted in the press release:
In accordance with the amended agreement, Orefinders now has until January 19, 2016 to complete the remaining $500,000 in exploration expenditures in order to earn a 100% interest in the Derlak Red Lake property, subject to a 3% NSR of which 1% can be purchased for $1 million.
Click here to read the Orefinders Resources Inc. (TSXV:ORX) press release
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