Cortus Metals Inc.: Cortus to Acquire Claims and Data Packag

Cortus Metals Inc.: Cortus to Acquire Claims and Data Package as Project and Target Generation Are Well Underway in Nevada


Cortus Metals Inc.: Cortus to Acquire Claims and Data Package as Project and Target Generation Are Well Underway in Nevada
Cortus Metals Inc. (TSXV: CRTS)
(the "
Company", or "
Cortus"), announces that it has entered into a purchase option agreement with Fremont Gold Ltd. (TSXV: FRE) ("
Fremont") to acquire 100% interest in 114 unpatented mining claims and a 50% interest in 95 claims that Fremont owns jointly with Intermont Resources, LLC ("
Intermont"), collectively known as the Goldrun property, located in Nevada, USA. As consideration for the claims, the Company paid $20,000 in cash and will issue 250,000 common shares, subject to the approval of the TSX Venture Exchange. Cortus also paid Fremont $8,000 in cash to acquire data in relation to the Rock Creek and Roberts Creek properties, both located in Nevada. These acquisitions are in addition to an option the Company holds to acquire from Intermont a further package of wholly and jointly owned claims at Goldrun as well as the Roberts Creek and Rock Creek properties for 200,000 common shares each.

Related Keywords

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