GREY:ALXDF - Post by User
Post by
production05on Mar 01, 2016 9:26am
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Post# 24608226
90% of the Matachewan properties optioned to Prosper Gold
90% of the Matachewan properties optioned to Prosper GoldProsper Gold can earn 75% by issuing 750,000 shares and incuring work expenditures of $5,000,000 over 5 years.
Prosper Gold can earn an additional 15% interest by realizing 1.5 million ounces of 43-101 gold for the project.
The project becomes a 75/25 (Prosper/Alexandria) J/V after Prosper earns its 75% share.
This is Prosper Gold`s NR.
Alexandria will likely release a separate NR later, I assume.
https://www.marketwired.com/press-release/prosper-gold-corp-acquires-extensive-land-position-surrounding-recently-optioned-high-tsx-venture-pgx-2101602.htm