Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent

Big Red Diamond Corporation

Publié le 28 août 2014

Canterra Minerals and Margaret Lake Diamonds Announce Option Agreement on Marlin Property, NWT

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada |

Canterra Minerals and Margaret Lake Diamonds Announce Option Agreement on Marlin Property, NWT

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 28, 2014) - Canterra Minerals Corporation ("Canterra") (TSX VENTURE:CTM) and Margaret Lake Diamonds Inc. ("Margaret Lake") (TSX VENTURE:DIA) are pleased to announce that and they have entered into an Option Agreement (the "Option Agreement") whereby Margaret Lake has been granted, subject to the acceptance of the TSX Venture Exchange (the "Exchange"), the right to acquire up to an aggregate 49% right, title and interest in and to Canterra's Marlin Property (the "Marlin Property") in the Northwest Territories. The Property comprises 23 mineral claims covering an area of approximately 26,000 ha and lies contiguous to the north and west of the Kennady Diamonds project and west of Margaret Lake's Margaret Lake Property.

To earn its interest in the Marlin Property, Margaret Lake must make staged cash payments totaling $100,000, issue an aggregate of 600,000 common shares and incur $1,750,000 in exploration expenditures over a three year period. Canterra is the operator, and the initial exploration program which consists of basal till sampling is expected to commence immediately.

Randy Turner, President and Chief Executive Officer of Canterra comments, "This Option Agreement with Margaret Lake Diamonds creates an opportunity between two companies that hold contiguous properties to the Gaucho Kue and Kennady Diamonds projects and share a similar geological environment. With the proximal nature of our land packages, the synergies of data collection and analysis, plus the additional capital to advance the Marlin Property expeditiously, we are delighted with this partnership and look forward to a mutually successful outcome."

Paul Brockington, President and Chief Executive Officer of Margaret Lake, stated, "We are pleased to enter into this Option Agreement with Canterra, as we now have ground under option that surrounds all the northern and western boundaries of the Kennady Diamonds property. We look forward to combining the knowledge base of our two management teams."

Under the terms of the Option Agreement, Margaret Lake has the right earn an initial 30% interest in the Marlin Property by making staged cash payments of $80,000 ($20,000 paid), issuing an aggregate of 300,000 common shares and incurring not less than $1,000,000 in exploration expenditures over a two year period. At their election, Margaret Lake may earn an addition 19% interest in the Marlin Property by paying Canterra an additional $20,000 and incurring an additional $750,000 in exploration expenditures on or before the end of the third year.

After either the 30% or, if elected, the 49% earn-in Margaret Lake and Canterra will form a joint venture for the purpose of continuing exploration and development of the Marlin Property. Upon execution of a joint venture agreement Margaret Lake will issue Canterra a further 300,000 common shares.

ABOUT CANTERRA

Canterra is a Canadian resource company specializing in diamond exploration with a focus on the Northwest Territories. As leaders of exploration in the junior diamond sector for over 25 years, Canterra's team has been involved in the discovery of two of Canada's four diamond mines including the Snap Lake Diamond Mine in the Southern Slave and the Ekati Mine in Lac de Gras.

ABOUT MARGARET LAKE

Margaret Lake is a diamond exploration company focused on the Northwest Territories in proximity to the next Canadian diamond mining development by De Beers Canada and Mountain Province Diamonds Inc., and adjacent to the ongoing exploration by Kennady Diamonds Inc. Margaret Lake's Board of Directors is comprised of persons with combined involvement of over 50 years in the Canadian diamond sector.

On behalf of the Board of Directors

CANTERRA MINERALS CORPORATION

Randy Turner, President, Chief Executive Officer and Director

On behalf of the Board of Directors

MARGARET LAKE DIAMONDS INC.

Paul Brockington, President, Chief Executive Officer and Director

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law, including statements regarding the proposed private placement. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Canterra and Margaret Lake undertake no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Canterra and Margaret Lake.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lire la suite de l'article sur finance.yahoo.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Big Red Diamond Corporation

EXPLORATEUR
CODE : DIA.V
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Big Red Diamond est une société d’exploration minière basée au Canada.

Big Red Diamond détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont ATTAWAPISKAT, ANDY LAKE, BLACKSTOCK et VALENTINE - BIG RED au Canada.

Big Red Diamond est cotée au Canada. Sa capitalisation boursière aujourd'hui est 6,2 millions CA$ (5,9 millions US$, 4,5 millions €).

La valeur de son action a atteint son plus bas niveau récent le 26 juin 2008 à 0,03 CA$, et son plus haut niveau récent le 01 août 2014 à 0,50 CA$.

Big Red Diamond possède 42 460 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Communiqués de Presse de Big Red Diamond Corporation
28/08/2014Canterra Minerals and Margaret Lake Diamonds Announce Option...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (DIA.V)
0,1450
Dernières informations avant suppression de la cote
Cours préc. Ouverture
0,140 -
Bas haut
0,145 0,145
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,145 70,59%
Volume var. 1 mois
0 70,59%
Produit
Développe
Recherche Diamonds
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
6,82 AU$-1,52%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
8,40 US$-0,94%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX+1,37%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,01 CA$-1,95%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
11,49 CA$-0,35%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,31 CA$+1,64%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,18 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,63 CA$+5,84%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,23 US$-2,83%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.