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HMI Hinterland Metals Inc.

0.15
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hinterland Metals Inc. TSXV:HMI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.15 0.145 0.18 0 01:00:00

Hinterland Acquires Williams Brook Gold Property in New Brunswick

01/05/2014 4:13pm

Marketwired Canada


Hinterland Metals Inc. (TSX VENTURE:HMI) ("Hinterland") is pleased to announce
that it has entered into an option agreement at arm's length with two local
prospectors (the "Vendors") whereby Hinterland may earn a 100% interest in the
three-claim (5,868-hectare) Williams Brook property (the "Property") located 90
kilometres west of Bathurst, New Brunswick.


Under the terms of the agreement, Hinterland may earn a 100% interest in the
Property by paying $50,000 cash and issuing 1,000,000 shares to the Vendors over
a three year period. In addition Hinterland will pay the Vendors an annual cash
bonus equivalent to 5% of exploration costs incurred on the Property up to a
maximum of $50,000 in any given fiscal year. The Property will be subject to a
2.5% royalty interest. Hinterland will have the right to purchase 1.0% of the
royalty interest for $1 million and will have a right of first refusal on the
remaining 1.5%. The agreement is subject to approval by regulatory authorities
in compliance with applicable securities legislation. Hinterland intends to
start exploration work on the Property with geochemical sampling and geophysical
surveys in May 2014 with the goal of developing drill targets for 2015.


Mark Fekete, P.Geo is the designated "qualified person" as defined in Section
1.2 in and for the purposes of National Instrument 43-101 that reviewed and
approved the technical content of this release.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This release may
contain forward-looking statements that are subject to known and unknown risks
and uncertainties that could cause actual results to vary materially from
targeted results. Such risks and uncertainties include those described in the
Company's periodic reports including the annual report or in the filings made by
the Company from time to time with securities regulators. The Company undertakes
no obligation to publicly release the result of any revision of these
forward-looking statements to reflect events or circumstances after the date
they are made or to reflect the occurrence of an unanticipated event.


Shares Issued 24,894,614

FOR FURTHER INFORMATION PLEASE CONTACT: 
Hinterland Metals Inc.
Mark Fekete
President
1-819-354-5244
info@hinterlandmetals.com
www.hinterlandmetals.com

1 Year Hinterland Metals Inc. Chart

1 Year Hinterland Metals Inc. Chart

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1 Month Hinterland Metals Inc. Chart