Highlights: Orecap maintains 100% interest in the Knight, McGarry and Mirado Properties in and around Kirkland Lake, Ontario. Agnico spent $2.5 million on the Properties but did not meet the threshold to earn any interest. Orecap is looking forward to regaining control of these strategic and well-placed assets and will be evaluating opportunities to develop the Properties.
Orecap Invest Corp. announces that
Agnico Eagle Mines Ltd. , and Orecap have agreed to terminate the exploration, earn-in and option agreement on the Company's McGarry, Mirado and Knight properties , with Orecap maintaining its 100% interest in the Properties. "It's important to note that this agreement was made with Kirkland Lake Gold, and Agnico Eagle inherited these commitments after their mer...