Cougar Minerals Corp. Amends Geel Mine Property Option Agreement
2013年6月18日 - 4:20AM
Access Wire
June 17,
2013 - Winnipeg, Manitoba - Cougar Minerals Corp. - TSX-V: COU
("Cougar" or the "Company")
is pleased to announce that further to
Cougar's press releases dated April 5 and June 4, 2013, it has
negotiated an amendment to its option agreement on the Geel
property, located near Virginia City, Montana.
The Company has earned a 25% undivided
interest in the Geel gold and silver mining lease. The amended
agreement allows Cougar the option to earn an additional 25%
interest in the Geel mining lease (for a total undivided interest
of 50%) by Cougar incurring a total of US$1,000,000 in expenditures
on the Geel property, as follows: US$500,000 on or before December
31, 2014, and an additional US$500,000 on or before December 31,
2015. Cougar has also amended the agreement to eliminate the
issuance of 12 million common shares. In order to conserve funds,
the agreement has been further amended to eliminate the additional
cash payments and to extend the time period for incurring
exploration expenditures.
COUGAR MINERALS CORPORATION
s/
"Murray Nye"
Murray Nye
President
For more information, please
contact:
Cougar Minerals Corporation
Murray Nye, President/CEO
(204) 989-2434
www.cougarminerals.com
Cautionary Note
No stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein. This news release may
contain "forward-looking information", within the meaning of
applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with
respect to Cougar's exploration program and plans. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "believes", "plans", "seeks",
"expects", "budget" or variations of such words or statements that
certain actions, events or results may, could, will, will be, would
be or are expected to be. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of Cougar to be materially different from those
expressed or implied by such forward-looking information. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information. Cougar does
not undertake to update any forward- looking information, except in
accordance with applicable securities laws.
Neither the TSX Venture Exchange nor
its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy and accuracy of this release.
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