Donner property acquisition
Donner Minerals Ltd DML
Shares issued 31,689,657 Mar 29 close $0.44
Tue 30 Mar 99 Acquisition
The VSE has accepted for filing, documentation pertaining to a letter
agreement, dated March 5, 1999, whereby the company has the option to
acquire from Noranda Inc. and Falconbridge Limited (collectively the
vendors), a 50 per cent interest in 1,100 mineral claims totalling 17,000
hectares, in the Lac Rocher area of Northwestern Quebec. Consideration is a
total cash payment of $250,000 to the vendors for acquisition costs and
$2-million in exploration expenditures on the property by the second
anniversary of the formal agreement with a firm commitment of $500,000
payable to the vendors. Falconbridge is the operator of the property.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com |
