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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (140)	6/21/2013 2:46:24 PM
From: Goose94	Read Replies (2) \| Respond to of 202740

Gunpoint Exploration (GUN-V) closes acquisition of El Escorpion project June 20, 2013 - News Release Gunpoint Exploration Ltd. has closed its previously announced purchase of Hunt Exploracion SA from Chesapeake GoldCorp. Hunt has an option to acquire a 100-per-cent interest in the El Escorpion silver project located in eastern Guatemala. The Escorpion project is a 900-hectare concession situated seven kilometres southwest and along the trend of Tahoe Resources Inc.'s Escobal deposit. Dr. E. Max Baker commented: "Being on the doorstep of Tahoe's Escobal deposit, an advanced-stage silver deposit with estimated production of 20 million ounces of silver per year for over 10 years, the Escorpion project represents a tremendous exploration opportunity for Gunpoint as it has three untested zones of outcropping epithermal silver mineralization ready for drill testing. The Escorpion project provides Gunpoint exposure to a new potential discovery in one of the most prolific exploration districts for silver globally." In connection with closing of this transaction, Gunpoint issued a total of 500,000 units of the company at a deemed price of 75 cents per unit for all legal and beneficial interest in the shares in the capital of Hunt. Each unit consists of one common share in the capital of the company and one share purchase warrant. Each whole warrant is exercisable for a period of five years from the date of closing to purchase an additional common share at a price of $1.50. The purchase is subject to an additional allotment option of up to an additional one million common shares in the event a National Instrument 43-101 measured and indicated resource estimate of one million gold equivalent ounces is achieved on the Escorpion property. We seek Safe Harbor.