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:JRTL Capital to acquire Swift Katie from Valterra as QT 2009-08-28 14:06 ET - News Release Also News Release (C-VTA) Valterra Resource Corp
Dr. Luca Riccio of JRTL Capital reports
JRTL ANNOUNCES QUALIFYING TRANSACTION - PROPOSED
ACQUISITION OF 60% INTEREST IN SWIFT KATIE PROPERTY IN SALMO, BC
JRTL Capital Corp. has entered into a mineral property working option agreement dated for reference Aug. 21, 2009, with Valterra Resource Corp., a public reporting British Columbia corporation, pursuant to which the company can acquire, in an arm's-length transaction, a 60-per-cent interest in certain mineral claims, known as the Swift Katie mineral property, located in the Nelson mining district in British Columbia, Canada. The terms of the transaction are subject to TSX Venture Exchange approval and, if approved, the transaction will constitute the company's acquisition of a significant asset as a qualifying transaction, as that term is defined in the capital pool company (CPC) listings policy of the exchange. Upon completion of the transaction, the company will be listed as a Tier 2 mining issuer.
The company is a capital pool company pursuant to the policies of the TSX-V and it is the company's intention that the acquisition will constitute the company's qualifying transaction under the exchange's policies. As a component of the qualifying transaction, the company will change its name to Tosca Mining Corp. The new management group has acquired all of the existing escrow shares in the company.
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