Communicators
are winners!
News
21.06.2010
NOVUS GOLD CORP. OPTIONS 60% INTEREST IN THE DOROTHEA GOLD PROPERTY, ONTARIO TO TERRA VENTURES INC.
NOVUS GOLD CORP. OPTIONS 60% INTEREST IN THE DOROTHEA GOLD PROPERTY, ONTARIO TO TERRA VENTURES INC.
Vancouver, June 18, 2010 – Novus Gold Corp. (“Novus” or the “Company”, TSX-V: NOV) is pleased to announce that it has entered into an option agreement with Terra Ventures Inc. (“Terra”, TSXV: TAS) pursuant to which Terra has been granted an option to acquire a 60% interest in Novus’s recently acquired Dorothea Gold Property in Ontario (the “Property”). To exercise the option, Terra must pay Novus $7,500, make payments to the underlying vendor of $95,000 over a period of four years, and incur $400,000 in expenditures on the Property over a period of four years. The underlying vendor will retain a 2.0% net smelter returns royalty on the Property, 1.5% of which may be purchased for $500,000.
For further information visit the company's website at www.novusgold.com or contact Ryan Johnson, Investor Relations, at 1-604-688-0335.
On behalf of the board of directors of
NOVUS GOLD CORP.
“Mike Magrum”
Mike Magrum, President & CEO
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 news release.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA67010Y1025">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA67010Y1025</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.
Vancouver, June 18, 2010 – Novus Gold Corp. (“Novus” or the “Company”, TSX-V: NOV) is pleased to announce that it has entered into an option agreement with Terra Ventures Inc. (“Terra”, TSXV: TAS) pursuant to which Terra has been granted an option to acquire a 60% interest in Novus’s recently acquired Dorothea Gold Property in Ontario (the “Property”). To exercise the option, Terra must pay Novus $7,500, make payments to the underlying vendor of $95,000 over a period of four years, and incur $400,000 in expenditures on the Property over a period of four years. The underlying vendor will retain a 2.0% net smelter returns royalty on the Property, 1.5% of which may be purchased for $500,000.
For further information visit the company's website at www.novusgold.com or contact Ryan Johnson, Investor Relations, at 1-604-688-0335.
On behalf of the board of directors of
NOVUS GOLD CORP.
“Mike Magrum”
Mike Magrum, President & CEO
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 news release.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA67010Y1025">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA67010Y1025</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.