OTCPK:CTNXF - Post by User
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Hirk77on Sep 17, 2013 9:52am
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Cornerstone Capital Resources Inc.: Sale of Interest in Litt
Cornerstone Capital Resources Inc.: Sale of Interest in LittMOUNT PEARL, NEWFOUNDLAND--(Marketwired - Sept. 17, 2013) - Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (OTCBB:CTNXF) today announces that, further to its news release dated July 30, 2013, it has agreed to sell its 50 percent interest in the Little Deer Joint Venture to Rambler Metals and Mining Canada Limited, a 100% owned subsidiary of Rambler Metals and Mining PLC (AIM:RMM; TSXV:RAB) ('Rambler'), for $200,000 cash and $350,000 of Rambler shares. The number of Rambler shares will be calculated on a 60 day volume weighted average price. The transaction is expected to close before November 14, 2013.