Major General Resources Ltd
MGJ VSE
October 31, 1996
Property Acquisition
MAJOR GENERAL RESOURCES LTD. ("MGJ")
- Property Acquisition
The Vancouver Stock Exchange has accepted for filing an agreement dated August 15, 1996
whereby the Company can acquire from Milton Stewart, Christopher Stewart and Delbert
Johnson, a 100% interest in 9 mineral claims located in the County of Gloucester, New
Brunswick. Consideration consists of the commitment to perform $400,000 worth of exploration
work over four years and the issuance of 155,000 common shares in six blocks. Up to 35,000
shares may be issued by December 31, 1997, with the balance to be issued upon the filing of
acceptable technical reports. The vendor will retain a 1% net smelter return. The Company has the
option to purchase the net smelter return for a $1,000,000, however, this purchase has not
received Exchange acceptance at this juncture and is subject to the prior approval of the
Vancouver Stock Exchange.
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