GeoNovus Acquires Claims Adjoining Osisko's Canadian Malartic Property in Quebec
08.04.2014 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Apr 8, 2014) - GeoNovus Minerals Corp. (TSX VENTURE:GNM) ("GeoNovus" or the "Company") is pleased to announce it has acquired 13 claims, covering 507 hectares, of prospective property adjoining the north-west boundary of Osisko's "Canadian Malartic" property located in the prolific Abitibi Gold Belt in the province of Quebec.To purchase a 100% interest in the Malartic West project GeoNovus will pay $20,000 and issue 2,000,000 common shares of the corporation to Knick Exploration Inc. over a two year period. A two per cent (2%) NSR is in place with the Company having the right to buy back one per cent (1%) of the Royalty for one million dollars ($1,000,000).
"We are very pleased to acquire claims in this much sought after area of Quebec and look forward to planning our upcoming work programs. The news on April 2, 2014 regarding the Yamana Gold Inc. and Osisko Mining Corp.'s agreement show's how important this district has become" states GeoNovus president Mike England.
This transaction is subject to TSXV approval.
GeoNovus Minerals Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all of its stakeholders.
ON BEHALF OF THE BOARD
Michael England
President
Forward-Looking Statement: Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of GeoNovus Minerals Inc. Actual results may differ materially from those currently anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
GeoNovus Minerals Corp.
Michael England
President
1-604-683-3995 or Toll Free: 1-888-945-4770
1-604-683-3988
www.geonovusminerals.com