Business
Champlain Issues Fee
Feb. 1, 2011 (Filing Services Canada) -- Champlain Resources Inc. (CPL - TSX Venture), announce...
About this update from Exgen Resources Inc.
[{"type":"text","content":"\nChamplain Issues Fee\n\n\n Feb. 1, 2011 (Filing Services Canada) -- Champlain Resources Inc. (CPL - TSX Venture), announces that it will issue an aggregate of 200,000 Common Shares to Union Securities Ltd. as a finder's fee (the \"Fee\") with respect to the transaction completed between Champlain and Boxxer Gold Inc. (\"Boxxer\").  The payment of the Fee is subject to, and is in compliance with Policy 5.1 of the TSX Venture Exchange.  The Fee represents a sum equal to 10% of the total value of the Boxxer transaction and was converted into Common Shares of Champlain at the market price per share of the Corporation at the time of completion of the Boxxer transaction.This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.For further information contact:Mr. Troy Mochoruk                                  Chairman and Chief Executive Officer #1614, 246 Stewart Green SWCalgary, AB T3H 3C8                                         Tel: (403) 618-8989  [email protected]                                       www.champlainresources.com NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Source: Champlain Resources Inc. (CPL - TSX-V) Maximum News Dissemination by Filing Services Canada Inc. *www.usetdas.com\n\n\n\n","length":2235,"tagName":"div"}]