NEWS
posted on
Jul 04, 2013 09:24AM
CALGARY, July 4, 2013 Boxxer Gold Corp. (TSX Venture: BXX/OTC: BXXRF) ("Boxxer" or the "Corporation") announced today that it has signed a non-binding letter of intent ("LOI") with Konnex Resources Inc. ("Konnex") to acquire all of the issued and outstanding shares of Konnex.
Konnex Resources Inc:
Konnex is a private Canadian metals exploration company that seeks to identify and acquire undervalued projects located in low risk jurisdictions. Konnex has a highly experienced board and management team with collectively over 100 years of experience in exploration, development, mine management, and project sourcing worldwide. As of May 31, 2013 Konnex had net current liabilities of $316,048 and 9,160,000 shares outstanding.
Konnex's main asset is an option on the Empire Mine (the "Option Agreement"), a former copper-gold-silver producer located within the Alder Creek mining District, 5.5 kilometers southwest of the town of Mackay in central Idaho. The property consists of 23 patented mineral claims, 21 unpatented mineral claims and five unpatented mill-site claims covering a contiguous 301 hectares (743.7 acres) (the "Empire Project").