Joint News Release - Corona Gold Corporation / Harte Gold Corp.

About this update from Crossroads Gold Corp.

[{"type":"text","content":"\n\n\n\n\nTORONTO, Sept. 21 /CNW/ - Corona Gold Corporation (CRG-TSX) and Harte\nGold Corp. (HRT-TSXV) announce that they have agreed to further extend to\nDecember 31, 2006 the scheduled closing date for the previously-announced\npurchase and sale transaction under which Corona has agreed to sell its 51%\ninterest in the Sugar Zone property, located in the Sault Ste. Marie Mining\nDivision of Ontario, to Harte for $5.0 million in cash, and warrants to\npurchase an aggregate of 2,500,000 common shares of Harte at an exercise price\nof $0.50 per share. Corona will also retain an option to re-acquire at any\ntime an undivided 20% interest in the Sugar Zone property upon payment of an\namount equal to the aggregate of: $1.0 million and 20% of all costs incurred\nin respect of the property by Harte following the closing date. Under the\nterms of the extension, if the purchase by Harte is not completed by\nDecember 31, 2006, Corona will have the right exercisable until April 30, 2007\nto purchase Harte's 49% interest in the Sugar Zone property for $5.0 million\nin cash. The transaction remains subject to regulatory approval.\n\n\nThe Toronto Stock Exchange and the TSX Venture Exchange have in no way\npassed upon the merits of the proposed transaction and have neither\napproved nor disapproved the contents of this press release.\n\n%SEDAR: 00012331E\n\n\n","length":1418,"tagName":"div"}]

More updates from Crossroads Gold Corp.