SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Glenhaven Resources GHM-CDNX
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JIM FINDLATER who wrote (202)2/23/1999 9:35:00 PM
From: Buckey  Read Replies (1) of 234
 
JIm - GNN in the Rocher Play now
lenhaven to option Murgor's Lac Rocher property

Glenhaven Resources Inc GNN
Shares issued 26,484,796 Feb 23 close $0.12
Tue 23 Feb 99 News Release
Also Murgor Resources Inc (MUG)
Mr. Donald McInnes reports
Glenhaven Resources has entered into an option agreement with Murgor
Resources to earn a 50 per cent interest in 91 mineral claims (14 square
kilometres) in the Lac Rocher area of Quebec. The Lac Rocher area is the
site of the recent massive sulphide Ni-Cu-Co discovery by Nuinsco
Resources.
The property, to be known as the Glenmor property, is six kilometres south
of the Nuinsco nickel discovery and is contiguous with the southern
boundary of the Nuinsco property. The property lies along the east flank of
the Nuinsco magnetic trend and is underlain by amphibolite and gneissic
rocks in contact with foliated granite.
Under the terms of the option, Glenhaven must pay to Murgor $500 cash per
claim and issue to Murgor $200 worth of Glenhaven shares per claim. In
addition, Glenhaven must spend $3,000 per claim on exploration within three
years which includes a minimum of $1,000 per claim in the first year.
Concurrently with the property option, Glenhaven has arranged a private
placement of 1.5 million units at 10 cents per unit. Each unit consists of
one share and one share purchase warrant exercisable at 15 cents for one
year.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News