An exchange bulletin... technically not 'news' as in not issued by company. Good news none the less.
red911
Kodiak Exploration acquiring 29 Ontario claims
2008-07-17 16:13 ET - Property Agreement
The TSX Venture Exchange has accepted for filing a property option agreement between Kodiak Exploration Ltd. and the Municipality of Greenstone, whereby the company has the option to purchase up to a 100-per-cent interest in 29 mineral claims near Geraldton, Ont. In consideration, the company will pay the vendor a total of $750,000 ($25,000 in the first year).
This property agreement is subject to a 2-per-cent net smelter return.