Melkior Resources Signs the Option Agreement with Green Swan
Aug. 16, 2011 07:02AM PST
Precious MetalsMelkior Resources Inc. (CVE:MKR) reports it has entered into a revised Letter of Intent with Green Swan Capital Corp.
Melkior Resources Inc. (TSXV:MKR) reports it has entered into a revised Letter of Intent with Green Swan Capital Corp.
The press release is quoted as saying,
Green Swan can acquire up to a 70% interest in the mining areas commonly known as the Riverbank and Broke Back claims (together, the “Claims”) from Melkior. Green Swan is a Capital Pool Company and intents to have this option to acquire up to 70% of the Claims constitute its Qualifying Transaction (“QT”).