NQ Exploration Options Off Its Duncan West Property to Murray Brooks Minerals
NQ Exploration Inc. (TSX VENTURE:NQE) announced that it has signed a letter of intent granting Murray Brooks Minerals an option to acquire a 50% interest in the Duncan West property in consideration of 300,000 shares, $45,000 in cash payments and $1,400,000 in exploration over three years.
NQ Exploration Inc. (TSX VENTURE:NQE) announced that it has signed a letter of intent granting Murray Brooks Minerals an option to acquire a 50% interest in the Duncan West property in consideration of 300,000 shares, $45,000 in cash payments and $1,400,000 in exploration over three years.
The press release is quoted as saying:
Murray Brooks Minerals will subsequently have the option of acquiring an additional 30% interest by incurring another $1,400,000 in exploration expenditures over two years and issuing 200,000 more shares.