GREY:GBRIF - Post by User
Comment by
cazziloon Jun 08, 2012 11:27pm
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Post# 19995517
RE: News (Updated)
RE: News (Updated) GOLDEN BAND RESOURCES INC. ("GBN")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 8, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing a Memorandum of Understanding between Golden Band Resources Inc. (the Company) and Masuparia Gold Corporation (Masuparia) whereby the Company has agreed to transfer a 50% interest in the Preview Lake Property, Saskatchewan to Masuparia. The Company has also agreed to transfer a 50% interest in the North Lake Property, Saskatchewan to Masuparia. Consideration payable by Masuparia to the Company for the Preview Lake Property is $278,430 cash, 75,000 shares of Masuparia and an exploration commitment of $300,000 . Consideration payable by Masuparia to the Company for the North Lake Property is $150,000 cash, 25,000 shares and exploration commitment of $100,000 . The Company has also been granted an option to acquire 2,500,000 shares of Masuparia at an exercise price of
.35 for a three year period.