Not really sure why all the excitement on this...The news release is really nothing... take another read. Just sounds like the TSX finally got around to approving an agreement they made before they even had the drill results for Mulloy (the news says they finished around early July). Just means they thought they had something at the time, doesn't mean they have something today. I'm still sitting on the sideline and waiting for some drill results:
Caribou King agreement for Mulloy property
2014-07-24 16:17 ET - Property Agreement
The TSX Venture Exchange has accepted for filing a purchase agreement dated May 15, 2014, between Caribou King Resources Ltd. and 2060014 Ontario Inc. (Steve Anderson), whereby Caribou King has acquired a 100-per-cent interest in the Mulloy property, located in Ontario. In consideration, the company will issue three million common shares upon exchange approval. The vendor will retain a 2-per-cent net smelter return, 1 per cent of which may be purchased by the company for $1-million in cash.
© 2014 Canjex Publishing Ltd. All rights reserved.