Knick's East-West Gold Property Agreement With Rogue Iron Ore Corp.
20 December 2013 - 4:05AM
Access Wire
Val-d'Or, Quebec, December 19, 2013, - Knick Exploration
Inc. (TSX-V: KNX)
is pleased to report that it has entered into an
agreement on its East-West gold property with Rogue Iron Ore Corp. (TSX-V: RRS).
Subject to regulatory approval
"Rogue" the Optionee has the right to earn up
to 100% interest in the East-West gold
property over a three year period, The
property is subject to a 3.5% NSR, !00% of which may be purchased
by Rogue.
The acquisition terms are;
-
a)upon
regulatory approval:750,000 shares, $5,000 cash
-
b)First Anniversary: 1,000,000 shares, $50,000 cash
-
c)Second Anniversary: 1,000,000 shares, $100,000 cash
-
d)upon regulatory approval "Rogue" will have 12 months to spend
$500,000 on work expenditures resulting in an earned interest of
40% in the project
-
e)in the12
month period from the First Anniversary "Rogue" will be required to
spend an additional $750,000 on exploration expenditures to acquire
an additional 30%
-
f)in the12 month period from the Second Anniversary "Rogue" will
be required to spend an additional $1,500,000 on exploration
expenditures to acquire the final 30% interest of the East-West
gold property
The
East-West gold property
is situated in the gold corridor of the
Val d'Or Mining Camp
between the Kiena Mine (Wesdome
Mining Ltd., TSX: WDO) and the past producing Marban Mine (Hecla Mining
Company, NYSE: HL Niogold Mining Corp., TSX.V: NOX). Several gold
milling facilities which lie along the Trans-Canada Highway are
within 35 kilometres of the property including Agnico Eagles-Goldex Mill and Richmont Mines-Camflo
Mill, 10 kilometres west and east of the
property respectively.
Gordon N. Henriksen,
P.Geo., Vice President of Knick Exploration, is the Company's
qualified person as defined by National Instrument 43-101. He has
reviewed and approved the contents of this press release.
We seek Safe
Harbour.
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press
release.
This Press Release
includes forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. There can be
no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of
such uncertainties.
FOR MORE INFORMATION,
CONTACT:
Jacques Brunelle Gordon N. Henriksen
President & CEO
Vice President
Knick Exploration
Knick Exploration
536, 3rd
Avenue 536, 3rd Avenue
Val-d'Or, Quebec Val-d'Or,
Quebec
J9P 1S4 J9P 1S4
Office Office
819-874-5252 819-874-5252
Cell Cell
819-856-1387
819-210-1406
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