In anticipation of the passage of a new mining act, Skeena Resources (SKE-V) has acquired a private corporation with four pending exploration permits in Bulgaria.
The Vancouver-based junior acquired the company in exchange for US$10,000, the issuance of 100,000 shares and a 10% retained interest in certain mineral properties in the East European nation.
The private company has been researching and generating exploration targets for acquisition since the fall of 1997. The work was carried out exclusively for Skeena. Christo Ryazkov, a former managing director of a state-owned geology and geophysics corporation with 27 years of mineral experience in Bulgaria, has been appointed managing director of the company’s new office in Sofia.
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