Hinterland Acquires McIntyre Gold Property in New Brunswick
April 24 2014 - 3:00PM
Marketwired
Hinterland Acquires McIntyre Gold Property in New Brunswick
VAL-D'OR, QUEBEC--(Marketwired - Apr 24, 2014) - Hinterland
Metals Inc. (TSX-VENTURE:HMI) ("Hinterland") is pleased to announce
that it has entered into an option agreement with an arm's length
vendor (the "Vendor") whereby Hinterland may earn a 100% interest
in the two claim (610-hectare) McIntyre property located 80
kilometres west of Bathurst, New Brunswick.
Under the terms of the option agreement, Hinterland may earn a
100% interest in the Property by paying $25,000 cash and issuing
500,000 shares to the Vendor over a three year period. In addition
Hinterland will pay the Vendor an annual cash bonus equivalent to
5% of exploration costs incurred on the Property up to a maximum of
$50,000 in any given fiscal year. The Property will be subject to a
2.0% royalty interest. Hinterland will have the right to purchase
1.0% of the royalty interest for $1 million and will have a right
of first refusal on the remaining 1%. The agreement is subject to
approval by regulatory authorities in compliance with applicable
securities legislation. Hinterland intends to start exploration
work on the Property with geochemical sampling and geophysical
surveys in May 2014 with the goal of developing drill targets for
2015.
Mark Fekete, P.Geo is the designated "qualified person" as
defined in Section 1.2 in and for the purposes of National
Instrument 43-101 that reviewed and approved the technical content
of this release.
Neither the 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. This release may contain forward-looking
statements that are subject to known and unknown risks and
uncertainties that could cause actual results to vary materially
from targeted results. Such risks and uncertainties include those
described in the Company's periodic reports including the annual
report or in the filings made by the Company from time to time with
securities regulators. The Company undertakes no obligation to
publicly release the result of any revision of these
forward-looking statements to reflect events or circumstances after
the date they are made or to reflect the occurrence of an
unanticipated event.
Shares Issued 24,894,614
Hinterland Metals Inc.Mark
FeketePresident1-819-354-5244info@hinterlandmetals.comwww.hinterlandmetals.com
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