Threegold Resources to sell interest on the Dome Lemieux Project

Threegold Resources Inc.(TSXV:THG) announced entering into a Letter of Intent with Capstock Financial(TSXV:CPK). The Company will sell its interest in the Dome Lemieux copper-zinc-lead-silver-gold project. The agreement will allow Threegold to focus on developing the South Bay gold project.

As quoted in the press release:

The terms of the deal are as follows, Threegold will receive 8,750,000 shares in CPK priced at 40 cents for a total of $3,500,000 in exchange for the claims comprising the Dome Lemieux. The shares will be subject to a one year hold period. This transaction will give Threegold a 22% interest in Capstock and is subject to TSX-V and other regulatory approvals.

Click here to read the Threegold Resources Inc. (TSXV:THG) press release