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CTM Canterra Minerals Corp

0.05
0.00 (0.00%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canterra Minerals Corp TSXV:CTM 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% 0.05 0.045 0.05 0 01:00:00

Canterra and Shore Gold Buy Burnstone's Interest in Buffalo Hills Project

10/12/2009 7:01pm

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Canterra Minerals (TSXV:CTM)
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Canterra Minerals Corporation (TSX VENTURE: CTM) (formerly Diamondex Resources Ltd.) ("Canterra") and Shore Gold Inc. (TSX: SGF) ("Shore") are pleased to announce that they have purchased, each as to 50%, the joint venture interest of Burnstone Ventures Inc. (formerly Pure Diamonds Exploration Inc.) ("Burnstone") in the Buffalo Hills project in north central Alberta under a purchase and sale agreement between Canterra, Shore and Burnstone. As consideration for Burnstone's interest, Canterra and Shore each paid $75,000 in cash to Burnstone, and Burnstone was granted a 1% royalty interest in the Buffalo Hills project. The Buffalo Hills project is presently a joint venture with Canterra, Shore, EnCana Corporation ("EnCana") and Burnstone. As a result of the sale, Canterra and Shore each hold a 28.5% interest in the Buffalo Hills project, and EnCana holds the remaining 43% interest. The sale was subject to a 30-day right of first refusal in favour of EnCana, which was waived, as well as the receipt of EnCana's consent to the transaction, which was obtained.

CANTERRA MINERALS CORPORATION

Randy C. Turner, President

SHORE GOLD INC.

Harvey J. Bay, Chief Financial Officer and Chief Operating Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contacts: Canterra Minerals Corporation Randy C. Turner President (604) 687-6644 diamonds@diamondex.net www.diamondex.net Shore Gold Inc. Harvey J. Bay Chief Financial Officer and Chief Operating Officer (306) 664-2202 shoregold@shoregold.com www.shoregold.com

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