Delta Resources Limited: Delta Announces Option Agreement to Acquire the Dollier Property from Cartier Resources to Add to Its VMS Property Package in Chibougamau, Quebec
Delta Resources Limited ( Delta or the Company ) (
TSX-V:DLTA
FRANKFURT:6G01
) is pleased to announce that it has optioned the Dollier Property in Chibougamau, Quebec from Cartier Resources Inc. ( Cartier ). The Dollier Property is immediately adjacent to the highly prospective VMS property package currently being explored by Delta.
Delta shall have the sole and exclusive right to earn a 100% Interest (the
Option ) by paying Cartier a non-refundable amount of $10,000 in cash (the
Cash Payment ) at signing; by completing the issuance in favour of Cartier of an aggregate of 600,000 Delta shares including 100,000 shares at signing, 100,000 shares at the one year anniversary, 200,000 shares at the two year anniversary and 200,000 shares at three year anniversary; and by incurring $1,000,000 in exploration e