Post by
megacopper on Feb 06, 2007 10:21pm
News
Tri-Gold options Dobransky's Press Lake, Patricia Lake
2007-02-06 16:28 ET - Private Placement
The TSX Venture Exchange has accepted for expedited filing documentation of an option agreement dated Jan. 18, 2007, between Tri-Gold Resources Corp. and Don Dobransky (the optionor) whereby the issuer has been granted the option to acquire 100 per cent of the mining rights (mineral claims 4208690 to 4208699) in the Press Lake and Patricia Lake property areas located in Kenora, Ont.
The consideration payable consists of $110,000 cash and the issuance of 100,000 common shares payable over a period of three years.
The optionor will retain a 2-per-cent net smelter return royalty, 50 per cent of which may be purchased by the issuer for $1-million.
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