EXPM:GTARF - Post by User
Post by
zamani11on May 29, 2013 1:46pm
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Post# 21456297
Is it 51 percent or 70 percent?
Is it 51 percent or 70 percent? this is from Balmoral.
Located immediately south of the town of Schreiber, Ontario within the Hemlo-Schreiber greenstone belt, the Northshore Property is currently 100% owned by Balmoral and under option to GTA. GTA can earn an initial 51% interest in the Property under the terms of an option agreement between the companies (see News Release NR11-17; July 27, 2011). Balmoral currently controls approximately 8.0% of the issued and outstanding shares of GTA and holds the shares for investment purposes.