17:20:52 EST Wed 20 Feb 2019
Enter Symbol
or Name

Pistol Bay Mining Inc (2)
Symbol C : PST
Shares Issued 47,497,648
Close 2018-02-12 C$ 0.06
Recent Sedar Documents

Pistol Bay optionee Rio Tinto exercises C block option

2018-02-13 01:58 ET - News Release

Mr. Charles Desjardins reports


Pistol Bay Mining Inc. has entered into an amending and final agreement with Rio Tinto Canada Uranium Corp., with regard to the C 4, 5 and 6 uranium properties, whereby Rio Tinto will make a final cash payment of $1-million to Pistol Bay.

The C block uranium properties, located in the Athabasca basin of Saskatchewan, is under option to Rio Tinto, which has earned a 75-per-cent interest to date.

Under the fourth amending and final agreement, Rio Tinto will acquire an additional 25-per-cent interest in the property (thereby increasing its aggregate interest to 100 per cent), by making a cash payment of $1-million to Pistol Bay within 14 days from the effective date of this final agreement. As part of this final agreement, no royalty is granted to Pistol Bay with respect to the property under the agreement.

About Pistol Bay Mining Inc.

Pistol Bay Mining is a diversified junior Canadian mineral exploration company with a focus on zinc and base metal properties in North America. The company has also created a subsidiary for resource-driven blockchain applications.

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