Teslin River Resources Corp. (TSX: V.TLR, Stock Forum) said it has completed an agreement with Eureka Resources Inc. (TSX: V.EUK, Stock Forum) to amend the Frasergold project option agreement originally executed on November 21, 2011 and subsequently amended on April 25, 2012.
“Securing the option agreement amendment at Frasergold was very important to the company,” Teslin River Interim President and Chief Executive Officer John Icke said in a press release.
The Frasergold project is located in the Cariboo Gold Camp in the Quesnel trough area of central British Columbia.
Trading at 6 cents, Eureka has a market cap of $962,830, based on 16 million shares outstanding. The 52-week range is 12 cents and 6 cents. Teslin shares traded at 2.5 cents on Wednesday, leaving the company with a market cap of $1.4 million, based on 55.9 million shares outstanding.