Cdn. Reserve options platinum play in Ontario

Junior Canadian Reserve Gold (VSE) can earn a half interest in a 44-claim Tib Lake platinum property, 16 km west of North American Palladium’s (TSE) Roby zone.

As consideration, Canadian Reserve will pay $100,000 cash and issue 200,000 shares, over a set period of time, to a private company.

North American Palladium holds a first right of refusal to match any offer for the claims if and when they are brought into production.