- NorthWest Copper (NWST) has sold the rights to a series of mineral claims in British Columbia
- The Vancouver mineral exploration company signed a property option agreement with Alpha Copper
- Alpha has acquired a 100-percent-interest in a series of mineral claims that make up the Okeover Copper Project in British Columbia
- The all-stock deal is worth approximately C$2,000,000 and also comes with certain minimum expenditure requirements
- NorthWest will retain a 2-percent Net Smelter Return royalty
- NorthWest Copper is down 1.45 percent, trading at $0.68 at 9:47 a.m. EST
NorthWest Copper (NWST) has sold the rights to a series of mineral claims in British Columbia.
The Vancouver-based mineral exploration company signed a property option agreement with Alpha Copper.
Alpha has acquired a 100-percent-interest in a series of mineral claims that make up the Okeover Copper Project in British Columbia.
The all-stock deal is worth approximately C$2,000,000 and also comes with certain minimum expenditure requirements.
Alpha Copper must spend at least $5,000,000 in expenditures by a certain date, which is 36 months from the closing date of the agreement.
Northwest Copper will retain a two-percent net smelter return royalty on the project.
The property is located near Powell River on the southern British Columbia coast. It consists of 12 contiguous claims totalling 4,614 hectares.
NorthWest Copper is down 1.45 percent, trading at $0.68 at 9:47 a.m. EST.