Prodigy Gold Inc KXLAF

News

[stocksalot]

Prodigy Gold Pagwachuan Lake property agreement

2011-06-30 18:01 ET - Property Agreement

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The TSX Venture Exchange has accepted for expedited filing documentation pertaining to an option agreement dated May 27, 2011, between Prodigy Gold Inc. and 52/86 Northwest Company Ltd. (Christopher Verbiski), pursuant to which the company has an option to acquire a 70-per-cent interest in 57 claims, comprising 717 units and covering 11,500 hectares in the Thunder Bay mining division, Ont., known as the Pagwachuan Lake property. In consideration, the company will make cash payments totalling $180,000, which the company may pay in shares, and undertaking a total of $1.5-million in exploration expenditures, as follows:

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[mellow99]

Pagwachuan property...It seems obviously clear now that Prodigy is in a race with Premier Gold, to retain as much as the open ground in that area, this is just the latest event...Premier is set to control almost all the ground up there, but I beleive that Prodogy is and has been serchig and researchig very hard to control areas they feel are worth exploring...I wonder who else is going to get in