GREY:BLITF - Post by User
Post by
Tommer3on Nov 04, 2014 7:13pm
63 Views
Post# 23095126
Fairmont Resources Lac Bouchette property agreement
Fairmont Resources Lac Bouchette property agreement 2014-11-04 18:06 ET - Property Agreement
The TSX Venture Exchange has accepted for expedited filing a mineral property option agreement dated Oct. 24, 2014, between Fairmont Resources Inc., and Christian Tremblay and Frederic Bergeron, whereby the company has the option to acquire a 100-per-cent interest in the Lac Bouchette quartz property, located 100 kilometres from the Port Alfred and less than 100 kilometres from the Grand Anse Sea Terminal in Quebec. The property consists of eight mineral claims totalling approximately 435 hectares. Total consideration consists of $175,000 and 135,135 shares payable to the vendors. The vendors will also receive a $2-per-tonne royalty for all ore currently stockpiled on the Lac Bouchette quartz property and a 2-per-cent production royalty for any new mined ore.