Blue River Resources Acquires Additional Castle Property

Blue River Resources Ltd. (TSX VENTURE:BXR) ("Blue River") announces that it has
entered into a property acquisition agreement dated November 28, 2011 to acquire
9 claims totaling 608 hectares. The claim group is contiguous to Blue River's
Castle Copper Project near Princeton BC, which is currently awaiting assays from
the recently completed 2011 diamond drill program.


Griffin Jones, President, states, "This proposed acquisition, which will expand
Blue River's Castle property to approximately 7,280 hectares (18,000 acres), is
a strategic move to continue to consolidate its land position and presence in
the Castle Project area, 25 km north of Copper Mountain Mining's operating
copper mine."


Under the terms of the agreement, Blue River has agreed to issue 100,000 shares
to the vendor upon approval by the TSX Venture Exchange and 100,000 shares every
six months for a total of 300,000 shares. On closing, Blue River has also agreed
to grant the vendor a 2% net smelter royalty, of which 1% can be purchased back
by Blue River for $1.0 million. The closing of the acquisition is subject to
certain conditions, including approval from the TSX Venture Exchange. Shares
issued to the vendor will include a four month hold period as required in
accordance with applicable securities laws.


ON BEHALF OF THE BOARD

BLUE RIVER RESOURCES LTD.

Griffin Jones, President, Director

Blue River Resources (TSXV:BXR)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024