CDNX BulletinDUNSMUIR VENTURES LTD. ("DVV")
THELON VENTURES LTD. ("THV")
BULLETIN TYPE: Property-Asset Acquisition, Property-Asset Disposition
BULLETIN DATE: March 15, 2004
TSX Venture Tier 2 Companies
TSX Venture Exchange has accepted for filing documentation with respect to an Option Agreement dated February 18, 2004 between Dunsmuir Ventures Ltd. ('Dunsmuir') and Thelon Ventures Ltd. ('Thelon'). Dunsmuir can earn up to a 65% interest in 11 claims located in the Lac de Gras diamond district, Northwest Territories.
In consideration, Dunsmuir will issue Thelon 300,000 common shares in stages and has agreed to spend $4.1 million on exploration and underlying land payments over a five-year period.
TSX Venture Exchange has also accepted for filing documentation with respect to an Option Agreement dated January 28, 2004 between Dunsmuir and Mike Magnum, Lane Dewar, and 974124 NWT Ltd. (Trevor Teed) (collectively the 'Vendors'). Dunsmuir has the right to earn an undivided 100% interest in 7 claims located in the Lac de Gras diamond district.
In consideration, Dunsmuir will make a cash payment of $10,000 and issue 175,000 common shares to the Vendors (73,500 to 974124 NWT Ltd., 73,500 to Mike Magnum, and 28,000 to Lane Dewar).
The two option agreements will give Dunsmuir an interest in 56,076 hectares of prospective diamond claims in the Lac de Gras diamond district. For further information, please refer to Dunsmuir's news release dated February 18, 2004.