Shining Tree Gold Camp Message Board

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Gold/Mining/Energy : Shining Tree Gold Camp

ORFDF 0.0572

-6.6%

Oct 22 2:58 PM EST

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To: niostargazer who wrote (181)	10/23/2012 10:15:37 PM
From: niostargazer	Read Replies (1) of 260

Agreement to Acquire Nine Claims Signed and $185,000 Private Placement Closed Posted on October 22, 2012 by Catherine Agreement to Acquire Nine Claims Signed and $185,000 Private Placement Closed Claims Acquisition. Management is pleased to report that it has entered into an agreement to purchase a 100% interest in nine claims, 52 claim units (832 Ha), contiguous to the Company’s properties in the Shinning Tree and Timmins South mining camps, Ontario for a consideration of 200,000 common shares in the Company which are subject to a four month trading hold period and subject to the transaction being accepted by the Toronto Stock Exchange Venture. This acquisition will further extend the Company’s land position in the Shinning Tree and South Timminsmining camps to a total of 361 km2. If accepted, this will consolidate and add to the Company’s large and highly prospective, strategic land package along the LarderLakefault between the Young Davidson Mine and the CôtéLakedeposit. IAMGOLD has a recently updated its National Instrument 43-101 resource estimate on Cote Lake by 274%, to 3.56 million indicated ounces (IAMGOLD, News Release 4th October 2012). adroitresources.ca

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