Asher Resources agreement for King Mine property Asher Resources Corp (C:ACN)
Shares Issued 10,877,255
Last Close 4/10/2012
.40
Tuesday April 10 2012 - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated March 19, 2012, between Asher Resources Corp. and an arm's-length party whereby the company can acquire a 100-per-cent interest in certain mineral claims (the King Mine property), located in Mineral county, Nevada.
Under the terms of the agreement, the company will earn a 100-per-cent interest in the property issuing 50,000 common shares and making total cash payments of $1.5-million on or before March 16, 2018.
For further details, please refer to the company's news release dated March 20, 2012.
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