Suparna Gold Corp, American Bonanaza Enter into Earn In Agreement

Suparna Gold Corp. (TSXV:SUG) announced that they have entered into a definitive earn-in agreement with American Bonanza Gold Corp. (TSX:BZA) regarding a mineral property acquisition and joint venture.

As quoted in the press release:

Under the terms of the Earn In Agreement, AmBon has granted to Suparna the right to acquire up to a 60% interest in AmBon’s leasehold right, title and interest in and to the Assets, as follows:
Suparna will have the right to acquire an initial undivided 12.5% working interest in and to the Assets by expending a minimum of $500,000 in exploration expenditures during the first year from the date of the Earn In Agreement;
Suparna will have the right to acquire an additional undivided 12.5% working interest in and to the Assets by expending a minimum of $500,000 in exploration expenditures during the second year from the date of the Earn In Agreement.

To view the whole press release, click here.