San Gold agreement for Gold Horse claims

2010-03-05 13:32 PT - Property Agreement

The TSX Venture Exchange has accepted for expedited filing documentation pertaining to a purchase agreement dated Feb. 12, 2010, between San Gold Corp. and Newquest Gold Inc. (Blair Caithness, John Arnold, Robert Wasslen, Bill Percy, Art Stacey), pursuant to which the company may acquire a 100-per-cent interest in four mineral claims located near Bissett, Man., known as the Gold Horse mineral claims. In consideration, the company will pay $50,000 and issue 60,000 shares upon closing. There is a 3-per-cent net smelter return royalty in favour of Golden Canadian Ltd., of which 1 per cent may be purchased within one year of commercial production for the payment of $1-million.