Business
Woodruff announces conditional approval of purchase of Thundermin's Scott Lake base metal massive sulphide property in Quebec
Woodruff announces conditional approval of purchase of Thundermin's Scott Lake base metal massive sulphide property in Quebec.
About this update from Copper Road Resources Inc
[{"type":"text","content":"\n\n\n\n\nTORONTO, July 21 /CNW/ - Woodruff Capital Management Inc. (WOO-TSX.V)\n(the \"Company\") is pleased to announce that the TSX Venture Exchange has\nconditionally approved the Company's purchase of the Scott Lake base metal\nmassive sulphide property from Thundermin Resources Inc., in consideration of\nstaged payments totalling $285,000 and the issuance of 300,000 treasury shares\nto Thundermin over a two year period. Upon reaching commercial production on\nany mineral deposit discovered on the property, the Company will make a final\npayment to Thundermin ranging from $1,000,000 to $4,000,000, depending on the\nsize of deposit discovered, and issue to Thundermin an additional\n1,000,000 treasury shares of Woodruff. For further details concerning this\npurchase please refer to the Company press release from July 6, 2005.\n\nThe Company focuses on base metal exploration in accessible areas of\nQuebec, Ontario and Newfoundland.\n\n-------------------------------------------------------------------------\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\n-------------------------------------------------------------------------\n\n%SEDAR: 00020132E\n\n\n","length":1299,"tagName":"div"}]