Business
Shield Gold Announces La Grande Nord Amendment
Toronto, Ontario--(Newsfile Corp. - November 4, 2013) - Shield Gold Inc. (TSXV: SHG) ( "Shield" ...
About this update from Eloro Resources Ltd.
[{"type":"text","content":"\nShield Gold Announces La Grande Nord AmendmentToronto, Ontario--(Newsfile Corp. - November 4, 2013) - Shield Gold Inc. (TSXV: SHG) (\"Shield\"or the \"Corporation\") announces that the existing Agreement between \nShield and Eloro Resources Ltd. (\"Eloro\"; TSXV: ELO) with regard to La Grande \nNord Property (the Summit-Gaber property) located in the Baie James region of \nQuébec has been amended. \nThis amendment allows Shield to extend, by one year, the dates \nfor work commitments and remaining payments under the terms of the original \nagreement and its first amendment. As consideration for the extensions granted \nby Eloro, Shield has agreed to issue an additional 100,000 common shares to \nEloro, subject to TSX Venture Exchange approval. \nAbout Shield Gold Inc.: Shield is a junior exploration \ncompany involved in the discovery and development of high quality mineral \nresources. The Corporation's graphite exploration programs, in the Buckingham \nand Lochaber Townships of, are located in the Central Metasedimentary Belt of \nthe Grenville geological province. The region is noted in historical reports as \nhosting occurrences of disseminated flake and, locally, vein or lump graphite. \nGraphite was mined from several deposits in the late 19th and early \n20th Centuries. Shield's land position includes more than 70 mining \nclaims representing some 3,500 hectares in four separate blocks. They are easily \naccessible, connected by paved road and lie within 15 km of each other. As \nmentioned above, the Corporation has also entered into option and joint venture \nagreements with Eloro Resources Inc. on the Summit-Gaber property located in the \nLa Grande Greenstone Belt in the Baie James region of Québec. Further \ninformation regarding Shield can be found on the Company's website at: www.shieldgold.com. \nFor more information, please contact: \n\n \n \n Paul A. Gorman, CEO \n Paul R. Ankcorn, CFO \n \n Tel.: 416-768-6101 \n Tel: 416-414-9171 \n \n Email: [email protected] \n E-mail: [email protected] \n \n \n \n \n\nNeither TSX Venture Exchange nor its Regulation Services \nProvider (as that term is defined in policies of the TSX Venture Exchange) \naccepts responsibility for the adequacy or accuracy of this release. \n\n\t\t\t\n\t\t\t\tcopyright (c) newsfile corp. 2013. all rights reserved\n\...