23:17:31 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Murgor Resources Inc (2)
Symbol MGR
Shares Issued 123,425,590
Close 2014-03-31 C$ 0.02
Market Cap C$ 2,468,512
Recent Sedar Documents

Murgor Resources closes sale of Windfall stake

2014-04-01 08:15 ET - News Release

Mr. Andre Tessier reports

MURGOR RESOURCES COMPLETES THE SALE OF ITS REMAINING INTEREST AT WINDFALL

Murgor Resources Inc. has completed the sale of its remaining interest at the Windfall 29 claims and 184 claims properties, as previously announced on March 13, 2014.

Under the terms of the agreement, Murgor has received a cash payment of $250,000 and 9.5 million common shares of Eagle Hill Exploration Corp. In addition, Murgor retains a 0.5-per-cent net-smelter-return royalty on the Windfall 29 claims property and a 1-per-cent NSR royalty on the Windfall 184 claims property. Eagle Hill retains the right to buy back the 0.5-per-cent NSR royalty on the Windfall 29 claims property for $500,000 and/or the 1-per-cent NSR royalty on the Windfall 184 claims property for an additional $500,000 at any time prior to first commercial production.

We seek Safe Harbor.

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