Barkerville Gold Mines Ltd (BGM)

[NYBob]

BGM Barkerville to acquire Mosquito property for $5-million

2011-12-07 22:47 ET - News Release

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:

Mr. J. Frank Callaghan reports

BARKERVILLE ANNOUNCES PROPERTY PURCHASE FROM MOSQUITO CONSOLIDATED GOLD MINES LTD.

Subject to regulatory approval, Barkerville Gold Mines Ltd. has entered into an agreement with Mosquito Consolidated Gold Mines Ltd. to acquire all residual property interest owned by Mosquito in the Cariboo district near Wells, B.C., for the purchase price of $5-million. These interests include a 50-per-cent interest in the Cariboo gold quartz property and placer mining rights on the Mosquito Creek property and a 3-per-cent net smelter return royalty on the Cariboo gold quartz mine property, Island Mountain mine property and Mosquito Creek mine property. The transaction is subject to Mosquito Creek obtaining a fairness opinion and board approval.
The remainder is available to Stockwatch subscribers. Click the yellow link above for a free trial subscription.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:BGM-1909383&symbol=BGM&news_region=C