| Home : February 2015 : February 13, 2015 News : Kerr Mines Completes First Tranche of Sale of its Northern Ontario Assets |
Kerr Mines Completes First Tranche of Sale of its Northern Ontario Assets |
February 13, 2015
TORONTO, ONTARIO--(Marketwired - Feb. 12, 2015) - Kerr Mines Inc. ("Kerr" or the "Company") (TSX:KER) announces that further to its press release of November 12, 2014, it has completed the first tranche of the sale of its Northern Ontario Properties (the "First Transaction"). Pursuant to a mining property acquisition agreement dated February 11, 2015, Kerr Mines sold all of its right, title and interest in and to two unpatented mining claims located in McGarry Township (the "McGarry Claims"), in exchange for (i) an aggregate of $225,000; and (ii) a 1% net smelter royalty on the McGarry Claims.
http://www.marketwired.com/mw/release.do?id=1991549&sourceType=3
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