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Message: Acquiring 29 Ontario Claims

Re: Acquiring 29 Ontario Claims

posted on Jul 17, 2008 12:29PM

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.

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