Manson Creek Resources Ltd. (TSX VENTURE:MCK) ('Manson Creek') is pleased to
announce that it has entered into a letter agreement for the option of the Up
Town Gold Project by Petro-Occidente Capital Corp. (TSXV:OPP.P) ('OPP') where
Manson Creek is assigning its option to acquire 100% of the Up Town Gold
property, subject to a 2.5% net smelter return royalty held by the underlying
vendor, to OPP.


"This deal with Petro-Occidente Capital Corp. provides Manson Creek an excellent
opportunity to further exploration on the Up Town Gold property without spending
its own capital in these challenging economic conditions," said Regan Chernish,
P.Geol., President of Manson Creek Resources Ltd.


The Manson Creek will receive a $25,000 cash payment and 100,000 common shares
of OPP upon the closing of the acquisition. Manson Creek will receive an
additional 100,000 common shares of OPP on or about January 28, 2014 and again
on or about January 28, 2015 provided the option remains in effect. 


If Petro-Occidente Capital Corp. exercises the option to acquire the Up Town
Gold property, then for a period of 60 days after such exercise Manson Creek
will have a right to earn a 40% interest in the Property (the "Back-in Right")
by providing notice of the exercise of such Back-in Right and paying to OPP, in
cash, 40% of all cash payments made by OPP, 40% of all exploration expenses
incurred by or on behalf of OPP and 40% of the fair market value on the date of
issue of all the shares issued to Manson Creek.


The aforementioned terms and conditions are subject to regulatory and exchange
approval. The President of Manson Creek Resources Ltd., Regan Chernish P.Geol.,
is the Qualified Person responsible for the preparation of this news release.


Regan Chernish, P. Geol., President and Director

Except for the historical and present factual information contained herein, the
matters set forth in this news release, including words such as "expects",
"projects", "plans", "anticipates" and similar expressions, are forward-looking
information that represents management of Manson Creek's internal projections,
expectations or beliefs concerning, among other things, future operating results
and various components thereof or the economic performance of Manson Creek. The
projections, estimates and beliefs contained in such forward-looking statements
necessarily involve known and unknown risks and uncertainties, which may cause
Manson Creek's actual performance and financial results in future periods to
differ materially from any projections of future performance or results
expressed or implied by such forward-looking statements. These risks and
uncertainties include, among other things, those described in Manson Creek's
filings with the Canadian securities authorities. Accordingly, holders of Manson
Creek shares and potential investors are cautioned that events or circumstances
could cause results to differ materially from those predicted. Manson Creek
disclaims any responsibility to update these forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Manson Creek Resources Ltd.
Regan Chernish
403.233.0464
www.manson.ca

Manson Creek Resources Ltd. (TSXV:MCK)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024 Manson Creek Resources Ltd. 차트를 더 보려면 여기를 클릭.
Manson Creek Resources Ltd. (TSXV:MCK)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024 Manson Creek Resources Ltd. 차트를 더 보려면 여기를 클릭.