Area PlayHere is another area player around Bravo, could move.
OGB
Lateegra Gold Corp
Symbol LRG
Shares Issued 32,563,600
Close 2008-12-01 C$ 0.03
Recent Sedar Documents
Lateegra Gold acquires La Rose property
2008-12-03 16:29 ET - News Release
Mr. Peter Dickie reports
LATEEGRA ACQUIRES LA ROSE CLAIMS
Lateegra Gold Corp. has acquired the La Rose claims, located southeast of Stewart, B.C.
The La Rose property consists of three mineral claims with a gross area of 585 hectares (1,446 acres). The property is road-accessible from tidewater, northwest of Kitsault, B.C., and lies approximately 15 kilometres (km) southeast of the Homestake Ridge property of Bravo Ventures. Bravo Ventures have recently released drill results for their Homestake Ridge property, including 9.4 m grading 24.9 grams per tonne (g/t) gold (Au) and 1,042 g/t silver (Ag) (see Bravo news release in Stockwatch of Nov. 25, 2008), and an 8.5-metre intersection grading 30.2 g/t Au (see Bravo news release in Stockwatch dated Nov. 12, 2008).
Terms of the acquisition include payment to the vendors of a total of $100,000 in staged payments over the next 12 months, and the issuance of a total of two million shares in stages, upon TSX Venture Exchange approval of the acquisition.
As part of the company's due diligence on the property, a site visit was conducted by a company geologist which included the surface sampling of a number of the accessible minfile showings, performed in order to develop a project work plan anticipated for the coming 2009 field season. Assaying of these samples is under way and the company anticipates results of this preliminary work will be received shortly.
Further to its news release in Stockwatch of Oct. 8, 2008, the company advises that the amount of units issued under its private placement was 4,241,000 for total gross proceeds of $424,100, a difference of 600,000 units, or $60,000 as previously announced.