Mining Co. Buys Claims Expands Land Package


This claims acquisition is the most recent in a string of comparable purchases over the previous 15 months by Puma Exploration Inc. (PUMA:TSX; PUXPF:OTC PINK) to extend the footprint of its land holdings in an rising mining district.

To accumulate the Southeast Moose Brook property, in keeping with the settlement, Puma pays CA$10,000 and concern 50,000 of its widespread shares to the vendor on closing. Puma then will concern one other 50,000 widespread shares on the primary anniversary of the settlement signing and 100,000 on the second anniversary.

As for milestone funds, when a constructive preliminary financial evaluation has been accomplished, Puma pays the vendor CA$25,000 in money. One other CA$50,000 is due when a constructive feasibility research is completed. The final performance-related fee is CA$100,000, due with the beginning of business manufacturing on the property.

The vendor will retain a 2% web smelter returns royalty on any manufacturing.

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