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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL
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From: PaperPerson1/17/2012 7:36:27 PM
   of 4690
 
Jan 17, 2012
Barkerville Closes Acquisition of the Property and Royalty Interests from Mosquito Consolidated Gold Mines Limited
Vancouver, BC -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the "Company") announces that it has closed the acquisition of all residual property interests owned by Mosquito Consolidated Gold Mines Limited ("Mosquito") in the Cariboo District near Wells, BC, under the terms previously disclosed on December 7, 2011 (News Release 11-35). These interests include a 50% interest in the Cariboo Gold Quartz Property, placer mining rights on the Mosquito Creek Property and a 3% Net Smelter Return royalty on the Cariboo Gold Quartz Mine Property, Island Mountain Mine Property and Mosquito Creek Mine Property (the "Mosquito Interests"). Pursuant to the letter agreement dated November 30, 2011 between the Company and Mosquito, Mosquito Interests were purchased by the Company for an aggregate consideration of $5,000,000.
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