Is any of this coming our way 13 September 2012
Blue Note signs agreement to sell its Pascalis property.
?Montreal, Québec, September 13, 2012 – Blue Note Mining Inc. (TSXV: BNT) (the “Company”) announces completion of an agreement to sell its Pascalis property located 26 kilometers east of Val-d’Or.
Under the terms of the agreement, the Company through its wholly-owned subsidiary X-Ore resources Inc. has agreed to sell to Adventure Gold Inc.(AGE) a 100% interest in 43 claims in exchange of payment by AGE of the sum of 75,000$ in two installments, the issuance of 500,000 AGE shares and the granting of a 2.0% Net Smeller Royalty (NSR) on the claims. AGE shall have the right to purchase 1.0% of the NSR at any time by paying 1,000,000$.
The securities to be issued by AGE to the Company pursuant to the agreement will be subject to a four-month hold period from their date of issuance. The agreement is subject to regulatory approval.
About Blue Note Mining
Blue Note Mining is a mineral exploration and mining company headquartered in Montreal with gold properties located in the prolific Val d'Or region of Quebec. Blue Note also holds significant positions in the share capital of Amex Exploration (AMX.V) and GeoVenCap (GOV.V).
For additional information, please contact:
Leon Methot
President and Chief Executive Officer
(514) 486-3095 x255
lmethot@bluenotemining.ca
www.bluenotemining.ca