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Iron South Mining Corp.: Fierro Claims Option Agreement Amendment
(via Thenewswire.ca) Iron South Mining Corp. (TSX-V: IS, FSE: OAY1 (WKN: A0RK7E), "Iron Sou...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"\nIron South Mining Corp.: Fierro Claims Option Agreement Amendment\n\n(via Thenewswire.ca)\n\n \nIron South Mining Corp. (TSX-V: IS, FSE: OAY1 (WKN: A0RK7E), \"Iron South\" or the \"Company\") announces that it has amended the Fierro Project option agreement previously announced in the Company's news release dated October 24, 2011 in respect of an option on the group of mineral concessions, known as the Fierro Claims, located in Rio Negro Province, Argentina (the \"Property\").\n\n \n \nThe Company and the vendor, a private company, have agreed to provide for a one year extension of the Company's first year's required expenditures on the Property, in consideration of the issuance of an additional 250,000 common shares of the Company resulting in the exploration expenditures being shifted out by one year. Accordingly, the cumulative issuance of 5,250,000 common shares and cumulative exploration expenditures of $3,000,000 must be made by the fifth anniversary of the date of TSX Venture Exchange approval of the option agreement. \n\n\n \nCompletion of the amendment to the option agreement including the issuance of the additional shares is subject to receipt of approval from the TSX Venture Exchange. \n\n\n \nAbout Iron South Mining Corp.\n\n \n \nIron South is a Vancouver-based iron exploration company led by an industry-renowned management team with technical expertise and market experience. Iron South has an option to earn 100% interest in the Fierro high-grade iron project, located in Rio Negro, Argentina. The project is immediately adjacent to the producing Minera Sierra Grand iron mine, owned by Metallurgical Corporation of China Ltd. Management is continuing to evaluate acquisitions to build its property portfolio with a focus on iron projects with established value and significant upside potential. Iron South is a member of the Grosso Group, a management company specializing in resource exploration since 1993.\n\n \n \nON BEHALF OF THE BOARD\n\n \n \n\"Gerald Carlson\" \n\n\n \n_______________________________\n\n\n \nDr. Gerald Carlson, President & CEO\n\n \n \nFor further information please contact: \n\n\n \nCorporate Communications\n\n\n \nTel: 1-604-687-1828 \n\n\n \nToll-Free: 1-800-901-0058\n\n\n \nEmail: [email protected] \n\n \n \nNeither TSX Venture Exchange nor its Regulation Services Provider (as that t...