- Gold’n Futures Mineral Corp. (FUTR) signs a purchase and sale agreement with Beaver Gold Corp. for the Brady Gold Project, Newfoundland
- The sale is for a 90 per cent interest in project
- Gold’n Futures invested a total of $861,348 in the property including both acquisition costs and exploration expenditures
- Gold’n Future has issued a further 2.5 million shares to the vender at a deemed price of $0.075 per share to accelerate is acquisition to 100 per cent
- Gold’n Futures Mineral Corp. (FUTR) is down 6.25 per cent and is trading at $0.075 per share as of 10:31 a.m. EST
Gold’n Futures (FUTR) has signed an agreement with Beaver Gold to acquire a 90 per cent interest in the Brady Gold Project.
Beaver Gold will issue common shares equal to US$3 million divided by the price per share at closing of its current non-brokered private placement financing.
Beaver Gold intends on listing its common shares on the NASDAQ with a coincident initial public offering.
Gold’n Futures invested a total of $861,348 in the property including both acquisition costs and exploration expenditures.
Gold’n Future has issued a further 2.5 million shares to the vendor at a deemed price of $0.075 per share to accelerate its acquisition to 100 per cent.
The Brady Property includes two mining licenses with 38 claims covering approximately 950 hectares.
The Reid Gold Zone is the main area of exploration and mineralization within the project.
The Reid Gold Zone is classified as an intrusion-hosted style of gold mineralization.
Programs of diamond drilling have defined the zone over a strike length of 300 metres, a width of 250 metres and a vertical depth of 225 metres.
The zone is open along strike and to depth.
Gold’n Futures Mineral Corp. (FUTR) is down 6.25 per cent and is trading at $0.075 per share as of 10:31 a.m. EST.