Sep. 8, 2010 (Baystreet.ca) --
MISSISSAUGA, Ontario, September 8, 2010 --
AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/)
announces its latest article titled “Canadian Junior Miner Announces Property
Sale to Australian Firm, Stock Soars on News.”
Companies mentioned in this article include King's Bay Gold
Corporation (TSX:Venture:KBG).
Article Excerpt:
As a warm summer gave way to the great Canadian autumn, one
junior mining company came out with tidings of solid economic news in the increasingly
competitive gold field.
During the week following Labour Day, Winnipeg-based King's
Bay Gold Corporation (TSX:Venture:KBG) told investors and prospective investors
it had signed a Letter of Intent with Australia-based Coventry Resources Ltd.
to sell its 100 %-owned Cameron Lake property in northwestern gold-rich Rainy
River district.
KBG, formed in 1998, continues to have options on nearly
two dozen claims covering the former Nucanolan Resource property adjoining
Nuinsco's Cameron Lake Deposit which Coventry now owns. The difference now is
that Coventry can possibly earn an 80% interest in Cameron Lake, having parted
with about $1 million. KBG will then take part in further exploration on its
remaining 20%, once due diligence and the proposed sale gets the green light.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special_reports/135/Canadian-Junior-Miner-Announces-Property-Sale-to-Australian-Firm,-Stock-Soars-on-News.htm
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