Gunpoint Exploration Ltd
Symbol C : GUN
Shares Issued 39,077,600
Close 2011-01-31 C$ 1.29
Recent Sedar Documents
Jiulian options B.C. properties from Gunpoint
2011-02-01 14:01 ET - News Release
See News Release (C-JLR) Jiulian Resources Inc
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Mr. X. Charlie Cheng of Jiulian reports
JIULIAN AND GUNPOINT ENTER INTO AGREEMENT FOR PURCHASE AND OPTION OF GUNPOINT'S B.C. PROPERTIES
Jiulian Resources Inc. and Gunpoint Exploration Ltd. have entered into an agreement dated effective Jan. 25, 2011, pursuant to which Jiulian will acquire certain mineral exploration properties from Gunpoint in the Kamloops and Nicola mining districts in British Columbia. Pursuant to the agreement, Jiulian will purchase a 100-per-cent interest in Gunpoint's Big Kidd and Little Fort claim groups. The purchase price for these two groups of claims is a cash payment to Gunpoint of $100,000 and the issuance 1,875,000 common shares of Jiulian. Under the agreement, Gunpoint has also granted to Jiulian the option to purchase Gunpoint's Brassie Creek and Craigmont claims groups. To exercise the option, Jiulian must, within 180 days following the closing of the acquisition, pay to Gunpoint a further $100,000 and issue to Gunpoint an additional 625,000 common shares. Jiulian's title to the Big Kidd and Little Fort claims will be subject to a net smelter return royalty in favour of Gunpoint and applicable Crown royalties. Gunpoint and Jiulian are at arm's length to each other. Following the closing of the acquisition, Dr. E. Max Baker will join the board of directors of Jiulian.
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