Cassius Ventures Enters Into Option Agreement to Acquire Head Bay Property
26 February 2011 - 10:15AM
Marketwired Canada
Cassius Ventures Ltd. (the "Company") (TSX VENTURE:CZ) is pleased to announce
that it has entered into an Option Agreement (the "Option Agreement") to earn a
100% interest in certain mineral claims (the "Property") held by Johan Thom
Shearer. The Property, which consists of claims covering 4,212.71 hectares, is
situated in the Alberni Mining Division of British Columbia.
In order to earn a 100% interest in the Property, the Company will pay CAD$3,500
in reimbursement of a reclamation bond, issue 100,000 common shares of the
Company and pay a total of CAD$122,000 in cash over a 4 year period.
The Option Agreement is subject to approval of the TSX Venture Exchange.
On behalf of the Board of Directors
Cassius Ventures Ltd.
Jason Birmingham, Director
Cassius Ventures Ltd (TSXV:CZ)
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