This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Brigadier Gold options Puma's Little Stull Lake project 2009-11-03 18:19 ET - News Release Also News Release (C-PUM) Puma Exploration Inc
Mr. Herb Kokotow of Brigadier Gold reports BRIGADIER GOLD (TSX-V: BRG) OPTIONS LITTLE STULL LAKE PROJECT Brigadier Gold Ltd. has entered into a term sheet for an option agreement with Puma Exploration Inc., which will follow with a formal agreement, to acquire Puma's 71.6-per-cent interest in the Little Stull Lake gold project in northeastern Manitoba. Under terms of the option agreement, which is subject to regulatory approval, Brigadier can acquire Puma's interest by issuing one million common shares to Puma, along with an additional four million common shares following a 60-day due diligence period. Tanqueray Resources Limited, which has a right of first refusal on Puma's interest, owns the remaining 28.4-per-cent interest in the Little Stull Lake gold project. The option agreement includes a precommercial production advance royalty and net smelter return. Brigadier will be the operator. "We're excited to be adding such a prospective project that has an estimated historic potential gold resource in what could be a new Canadian gold mining camp," said Herb Kokotow, president and chief executive officer. "Along with our other projects in the Kirkland Lake-Larder Lake, and Matachewan camps, Brigadier has projects in some of Canada's richest gold-producing areas." The remainder is available to Stockwatch subscribers.
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