Cobre Exploration agreement for Iron Lake
2008-12-24 14:19 ET - Property Agreement
See Property Agreement (C-CXV) Cobre Exploration Corp
The TSX Venture Exchange has accepted for filing an option agreement dated June 1, 2008, and amended Oct. 17, 2008, between Cobre Exploration Corp. and Eastfield Resources Ltd. pursuant to which Cobre has been granted an option to acquire a 60-per-cent interest in the 7,116-hectare Iron Lake project located in the Clinton mining division, British Columbia. Consideration is $165,000 cash, 500,000 shares, $130,000 in cash or the equivalent in shares, and $1.5-million in exploration, all over a four-year period. The property is subject to a 1.5-per-cent net smelter royalty