The TSX Venture Exchange has accepted for expedited filing documentation of a purchase agreement dated Aug. 31, 2010, between TTM Resources Inc. and Paget Minerals Corp. whereby the company may acquire a 100-per-cent interest in four mineral claims (tenure No. 553376, No. 553378, No. 553381 and No. 553383) located in British Columbia near Vanderhoof.
The consideration payable to the vendor consists of cash payments totalling $32,880; share issuances of 200,000 common shares of the company and exploration/work commitments of up to $500,000. The vendor has a back-in right to claw back 49 per cent of the interest from the issuer for 49 per cent of the costs, if mineralization is discovered.
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