Shareholders Approve the Sale of Parlane Resource's Big Bear Property to New Gold for C$2.5 Million
Of the shares represented at the meeting, 99.9% voted in favour of the proposed transaction. The Big Bear Property, comprised of 62 mineral claims totaling 27,469.77 hectares, is on the Nechako Plateau, approximately 100 kilometres southwest of Vanderhoof. The property is located immediately northwest of New Gold's Blackwater deposit and east of New Gold's Capoose deposit.
The sale is subject to customary closing conditions and final acceptance by the TSX Venture Exchange.
ON BEHALF OF THE BOARD
Robert Eadie
President, Chief Executive Officer and Director
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
Parlane Resource Corp.
Robert Eadie, President, Chief Executive Officer and Director
1-604-602-4935
1-604-602-4936
info@parlaneresource.com
www.parlaneresource.com