posted on
Oct 19, 2010 03:31PM
Message: SP AT .26 ??? Surely This is Open for Discussion
This is the update everyone already nows about.
Something to do while we wait for some good news.
Shoreham agreement for Mariwa Mining
2010-10-18 16:44 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to a definitive agreement dated May 24, 2010, between Shoreham Resources Ltd. and Mulgravian Ventures Corp. (Dale Wallster), pursuant to which Mulgravian has an option to acquire 51 per cent of the issued and outstanding shares of Mariwa Mining Company Inc. from the company. In consideration, Mulgravian will subscribe for a $500,000 private placement, exercise the private placement warrants and within a three-year period incur $3-million (U.S.) of exploration expenditures on the Mariwa Sardine Hill property.
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