MPH Ventures Corp. Completes Sale of Gould Property to Prodigy Gold Inc.
18.04.2013 | Marketwire
VANCOUVER, BC -- (Marketwired) -- 04/18/13 -- MPH Ventures Corp. (TSX VENTURE: MPS) (OTC PINK: MPSFF) (FRANKFURT: IJA1) is pleased to announce that it has amended its Option Agreement with Prodigy Gold Inc. (now Argonaut Gold Inc.) wherein Prodigy has acquired the remaining 40% interest, such that it will have earned a 100% interest in the Company's Gould property consisting of three mineral claims located in the Finan Township, Sault St. Marie Mining Division, Ontario.Pursuant to the terms of the Amending Agreement, Prodigy has paid the sum of $250,000 to MPH Ventures in lieu of the remaining first option and second option consideration totaling $70,000, 100,000 common shares of Prodigy and exploration expenditures totaling $650,000. MPH Ventures has retained a 2% net smelter return in the Gould property.
MPH Ventures Corp. is a molybdenum and gold exploration company focused on mineral development within Canada.
For further information on MPH Ventures Corp. (TSX VENTURE: MPS) visit the Company's web site at www.mphventurescorp.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit
President
Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of the content of this news release.
Contacts:
MPH Ventures Corp.
Don Myers, Director
604-687-3376
604-687-3119 (FAX)
Toll Free: 800-567-8181
info@mphventurescorp.com