The Conversation (0)
Sunset Cove Mining (TSXV:SSM) signed an agreement to option 100% of the Lac des Vents property from the Laurier Gold Corporation for 1.1 million shares and a cash payment of $40,000 to be paid nine months from the closing of the transaction.
Sunset Cove Mining (TSXV:SSM) signed an agreement to option 100% of the Lac des Vents property from the Laurier Gold Corporation for 1.1 million shares and a cash payment of $40,000 to be paid nine months from the closing of the transaction.
As quoted in the press release:
The Lac des Vents acquisition is for 1.1 million shares and a cash payment of $40,000 to be paid nine months from the closing of the transaction. Only when Sunset Cove Mining issues Laurier Gold Shareholders both the shares and cash aspects will Laurier Gold transfer 100% ownership of the claims making up the Lac des Vents property.
Sunset Cove President Lorne Woods said:
We are optioning this property to compliment the La Pause property and allow us to start to build a portfolio of Quebec based mining properties… We feel the timing is right to start doing some work in our backyard and believe that these Gold properties will work well in combination with our graphite properties to give us a balance of mineral types.
Click here to read the Sunset Cove Mining (TSXV:SSM) press release