Business
ABITEX OPTIONS BARRY LAKE PROPERTY
ABITEX OPTIONS BARRY LAKE PROPERTY
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n\n\n\n Sep. 16, 2010 (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\nVAL-D'OR, QC, Sept. 16 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE) (the "Company") is pleased to announce that it has signed an option agreement with Bonterra Resources Inc. (TSX-V:BTR) ("Bonterra") of Vancouver, British Columbia whereby Bonterra can acquire the Company's Barry Lake gold property located 125 km east of Lebel-sur-Quévillon, Quebec in the Barry-Urban greenstone belt. Bonterra can acquire an initial 50% interest in the property over a four year period by paying $10,000 and issuing a total of 1,250,000 shares to Abitex and completing exploration expenditures totaling $750,000. Bonterra can further acquire outright ownership of the property by paying an additional $100,000 and issuing 100,000 shares to Abitex.\n"Abitex's main focus is the advancement of its Lavoie and Epsilon uranium-gold projects in the Otish Mountains region" comments Yves Rougerie, President & CEO of Abitex. "In this context, the Barry Lake property was available for acquisition. Bonterra's proposal and commitment to initiate new drilling on the property in the short term were instrumental in our choice to deal the property to them. Abitex will assist Bonterra going forward to facilitate their work programs."\n\n\n >\n\n\nAbitex Resources is an exploration and development company based in Val d'Or, Quebec, which is currently focused on acquiring and advancing uranium properties in Qu...