Welcome To The Kings Bay Gold HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: King's Bay Sells Menary Gold Project

 

 
2017-03-28 07:01:00 AM ET (Filing Services Canada)
   
   

Kings Bay Sells Menary Gold Project

Vancouver, British Columbia (FSCwire) - Kings Bay Gold Corporation (TSX-V: KBG), (FSE:KGB1), operating as Kings Bay, a mining exploration and development company based in Vancouver Canada, is pleased to announce that it has entered into an agreement, pending exchange approval, with Destroismaison CLM Holdings Corporation, a newly formed private company, in regard to the Menary Gold Project, located in the Kenora Mining Division of Ontario.

In exchange for 100% of the right, title, and interest in and to the Menary Gold Project, consisting of one mining lease, and 5 unpatented claims, the Vendor shall receive 15% of the existing shares of the Purchaser. The Purchaser shall retain for the period of 24 months from the date of execution, the option to purchase back the entirety of the 15% share position of the Vendor for $100,000.00.

Kevin Bottomley states: This transaction allows Kings Bay the ability to focus on our stated goal of exploring for cobalt and other high tech metals, while maintaining exposure to the potential of one of our non-core assets.

About Kings Bay

Kings Bay is focused on the exploration of cobalt and other high tech metals in North America. The company believes in this emerging fast growth sector and will continue to seek out and evaluate properties that show promise for development. Kings Bay Gold Corp is operating as Kings Bay.

On Behalf of the Board of Directors,

Kevin Bottomley CEO, President

For Investment Inquiries please contact:

Brad Hoeppner, Director

O: 604 681 1568

E: [email protected]

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

To view this press release as a PDF file, click onto the following link:

http://www.fscwire.com/sites/default/files/news_release_pdf/KingsBayPRMar282017EG.pdf

Source: King's Bay Gold Corporation (TSX Venture:KBG) http://www.kingsbaygold.com/

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright(C)2017 Filing Services Canada Inc.

Share
New Message
Please login to post a reply