JOVAN...Anyone think they liked what they saw in the core samples from Jovan ? ...Too pick up 4 more large claims in he Area ?
Additional Claims Acquired
The Company has signed a definitive agreement to acquire a 100% interest in 4 claims (the "Claims") located on the Jovan property (Figure 4). This acquisition adds 36 hectares to the Company's land position. The acquired claims cover an extension of the geophysical anomaly that MacDonald is currently targeting in its ongoing drilling program at Jovan.
Acquisition Terms
To acquire an 100% interest in the Claims, on closing, MacDonald Mines agrees to:
(i) pay to the Vendor C$75,000 in cash; and (ii)issue to the Vendor the equivalent of C$75,000 Class A common shares in the capital of the Company based on the previous 5-day VWAP (subject to TSX-V approval);
The complete terms of the transaction will be available on SEDAR under the Company's profile.