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Sudbury Platinum Acquires Sudbury Mining Camp Ni-Cu-PGM Properties from Transition Metals Corp.
Sudbury Platinum Acquires Sudbury Mining Camp Ni-Cu-PGM Properties from Transition Metals ...
About this update from Transition Metals Corp.
[{"type":"text","content":"\n\n\n\nSudbury Platinum Acquires Sudbury Mining Camp Ni-Cu-PGM Properties from Transition Metals Corp.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbtb0{\nBORDER-BOTTOM:black 0pt\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n\n\n\n\n\n\nSudbury Platinum Acquires Sudbury Mining Camp Ni-Cu-PGM Properties from Transition Metals Corp.\nCanada NewsWire\nSUDBURY, ON, May 5, 2016\n\n\n\n\n\n\nSUDBURY, ON, May 5, 2016 /CNW/ - Sudbury Platinum Corporation (\"SPC\" or \"the Company\") is pleased to announce the acquisition of the Lockerby East and West Graham Properties (\"the Properties\") located within the Prolific Sudbury Mining Camp from Transition Metals Corp. (XTM – TSX.V)  (\"Transition\"). Transition is the majority shareholder of SPC holding approximately 36% of the outstanding shares.\n\nOn January 25, 2016 Transition announced the acquisition of the Lockerby East and West Graham Properties. Subject to a Memorandum of Understanding, Transition has assigned its interest in the Properties to SPC for costs totaling $220,081.\n\nSPC President Grant Mourre remarked \"We are very pleased to complete the acquisition of the Lockerby East and West Graham Properties. We feel the addition of these two exciting new projects to SPC's property portfolio, that already includes our flagship Aer-Kidd Project, gives us three high-quality assets within the camp which will be the focus of our exploration activities over the next couple of years.\"\n\nTo date the Company has completed internal compilation and interpretation of historically available exploration data, including a...