The TSX Venture Exchange has accepted for filing documentation in connection with an option agreement dated Nov. 25, 2010, between Candorado Operating Company Ltd. and Richard Macey whereby the company has been granted an option to acquire the Saignat claim that is located in the vicinity of Lac Aulneau in Quebec. Consideration is $20,000 and three million common shares. The company must grant a 2-per-cent net smelter return to the vendor of which 1 per cent shall be purchasable by the company for a one-time payment of $1-million subject to further exchange review and acceptance.
The TSX-V has also accepted an option agreement dated Nov. 18, 2010, between the company and Blair Naughty whereby the company has been granted an option to acquire the Teesha claims that are located in the Wicheeda Casrbonatit belt north of Prince George, B.C. Consideration is $5,000 and five million common shares of which four million shares are payable in the first year and one million shares are payable in the second year. The company must grant a 2-per-cent NSR to the vendor of which 1 per cent shall be purchasable by the company for a one-time payment of $1-million subject to further exchange review and acceptance.