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Nevada Clean Magnesium Inc.(TSXV:NVM) announced that it has received final approval for its Qualifying Transaction with MillenMin Ventures. The Qualifying Transaction is pursuant to the option agreement that Nevada Clean entered into with MillenMin on March 7, 2012. The TSX Venture Exchange approved the Transaction whereby MillenMin can earn up to 70% interest in Nevada Clean’s Windpass gold property.
As quoted in the press release:
Under the Option Agreement, MillenMin has been granted the exclusive right and option to acquire an undivided 70% interest in the Property by paying $120,000 to Nevada CMI, incurring $750,000 aggregate exploration expenditures on the Property and issuing 400,000 common shares in the capital of MillenMin (the “Shares”) to Nevada CMI over a period of four years.
Click here to read the Nevada Clean Magnesium Inc. (TSXV:NVM) press release
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