WOW! Management is certainly NOT resting. Sale of property outside of media plans. Not sure how many more mining holdings still exist.
GLM shares closed at $ .115 High this year.72.
"GEONOVUS SALE OF MINING PROPERTY
GeoNovus Media Corp. has amended an agreement with Glenmark Capital Corp. (see news release dated Dec. 9, 2014), whereby Glenmark will now own 100 per cent of the Scotia project, located in British Columbia. GeoNovus will receive one million shares of Glenmark subject to TSX Venture Exchange approval.
Glenmark Capital's strategy is to acquire advanced resource projects and early-stage exploration opportunities to provide, respectively, intrinsic share value and blue sky potential to its shareholders. Glenmark has two interests in uranium projects in the Athabasca basin of Canada, including the high-prospective Ford Lake property, 11 kilometres northwest of the Key Lake mine and the Key Lake Road project. Glenmark's exploration project portfolio includes over 6,500 hectares in the most prospective uranium corridor in the world, the eastern Athabasca basin region of Saskatchewan.
"We are pleased to become shareholders of a company with a strong base of mineral projects," stated Joe Wowk, director of GeoNovus Media.
In other news, the company is issuing 450,000 shares of GeoNovus to Stockhouse Publishing Ltd. to settle $13,300 payable. The company looks forward to working with Stockhouse on a continuing basis.
