$2-million and issue 2.75 million common shares
2 million cash plus shares of CRI worth 1.375 million
nice deal nice cash
Bell Copper Corp(C-BCU) -Property Agreement
Castle Resources agreement for Granduc copper mine
2010-10-14 16:27 ET -Property Agreement
Shares issued 124,610,863
BCU Close 2010-10-12 C
.215
From Property Agreement (C-CRI) Castle Resources Inc
Further to the TSX Venture Exchange bulletin dated Sept. 9, 2010, theTSX-V has accepted for filing documentation relating to a new letteragreement dated Aug. 30, 2010, between Bell Copper Corp. and CastleResources Inc. Pursuant to the agreement, Castle Resources shallpurchase a 100-per-cent interest in the Granduc copper mine, locatednear Stewart, B.C.
As consideration for the property, the company shall pay $2-million and issue 2.75 million common shares to the vendor.
Upon closing of the agreement, the prior option agreement will be considered null and void.
For more information, refer to the company's news release dated Aug. 31, 2010.