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Gold/Mining/Energy : Candente Resource Corp - DNT.V -- Ignore unavailable to you. Want to Upgrade?


To: IngotWeTrust who wrote (4)5/21/2002 9:07:05 PM
From: Al Collard  Read Replies (1) | Respond to of 26
 
Candente acquires Linear property from KriASK


Tue 21 May 2002

Property Agreement

The TSX Venture Exchange has accepted for filing an option to purchase and
royalty agreement dated April 9, 2002, between Kevin Keats, Allan Keats and
Peter Dimmell (carrying on business as the KriASK Syndicate), and the
company, whereby the company has acquired a 100-per-cent interest in the
Linear property located in the Botwood basin of central Newfoundland.
Consideration is $171,000, the issuance of 300,000 common shares and
$1-million in exploration expenditures over the next five years. The
property is subject to a 2.5-per-cent net smelter return, which may be
reduced to 0.5 per cent with the company making certain payments.