Small newsErin Ventures property agreement for 36 quartz claims
2010-05-12 16:24 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pursuant to a purchase agreement dated April 26, 2010, between Erin Ventures Inc. (the company) and an arm's-length vendor, wherein the company has agreed to acquire 36 quartz claims located in the Yukon Territory. In consideration, the company will pay the vendor $25,000 in cash, along with 1.5 million common shares, at a deemed price of seven cents per share, and 1.5 million warrants (warrants). Each warrant will be exercisable for one common share at a price of 10 cents per share expiring on June 1, 2012. The vendor will also receive a 3-per-cent net smelter royalty.