MPH Ventures Makes Final Option Payments for Property Tied Onto Pidgeon Molybdenum Deposit Project
23.08.2011 | Marketwire
VANCOUVER, BC -- (Marketwire - Aug. 23, 2011) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") is pleased to announce that it has earned a 100% interest, subject to a 2% net smelter return royalty, in its Echo Township property by making its final property option payment consisting of a cash payment of $40,000 and the issuance of 25,000 common shares. The Echo property forms part of the Company's 3400 acre Pidgeon Molybdenum Deposit Project.Pidgeon Molybdenum Deposit Claims Map, Ontario:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-ON-Pidgeon-area-map.gif.
The Company acquired the Echo property pursuant to an Option Agreement (the "Option Agreement") dated November 15, 2007 with Rubicon Minerals Corp. wherein MPH Ventures was granted the option to acquire ten mineral claims (2360 acres) located in the Echo Township, Patricia Mining Division, Ontario.
The common shares are subject to a four month hold period expiring December 17, 2011.
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.
Contact
MPH Ventures Corp.
James G. Pettit, President
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
MPH Ventures Corp.
Don Myers, Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@mphventurescorp.com
www.mphventurescorp.com