Toronto-listed Camreco Inc. has entered into an exploration agreement with MVP Exploration (1987) and Co. Ltd. Partnership and Deliberations Management (1987) Ltd. pursuant to which the Limited Partnership will provide up to $1.5 million to Camreco for the purpose of carrying out exploration on mining claims held by Camreco and its wholly-owned subsidiary Goldlund Mines.
A portion of the funds may also be applied to exploration on propertiesof Camreco’s affiliate Mistango Resources and on new claims that Camreco is in the process of acquiring.
In return, Camreco will issue up to 2,083,333 common shares at a price of 72 cents per share to the partnership.
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