Business
Q-GOLD ANNOUNCES LETTER AGREEMENT
Feb. 12, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR ...
About this update from Q-gold Resources Ltd
[{"type":"text","content":"\n\n\n\n Feb. 12, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES OF AMERICA/\n\n\nSEC 12g 3-2(b) Exemption # 82-4931\n\n\nFORT FRANCES, ON, Feb. 11 /CNW/ - Q-Gold Resources Ltd. (TSX VENTURE: QGR) (http://www.qgoldresources.com) is pleased to announce that its wholly-owned subsidiary has executed a\n Letter Agreement with First Star Resources Inc. ("FS" - TSX Venture\n Exchange) ("First Star").\n\n\nUnder the terms of the Letter Agreement, First Star may earn a 43%\n interest in the McKenzie Grey Vein claims on the Nipigon property,\n located in northwest Ontario, Canada.\n\n\nThe McKenzie Grey property, covering a total of 1,143.2 acres, is\n located near the historic (1890's) gold camp of Mine Centre.\n\n\nUpon approval of the TSX Venture Exchange, and pursuant to the Letter\n Agreement, the Company will receive an initial payment of $25,000. In\n addition, to exercise its option, First Star must make payments\n totalling $800,000 and incur expenditures of $3,150,000 over a\n four-year period.\n\n\nThis Agreement is subject to TSX Venture Exchange approval. Q-Gold and\n First Star share common directors.\n\n\nAbout Q-Gold Resources Ltd.\n\n\nQ-Gold is a Canadian-based mineral exploration company currently\n exploring for precious and base metals on its 26,000 acres of Ontario\n holdings in the historic Gold Camp at Mine Centre, including 5 historic\n gold mine...