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Article: Riverside Resources Options Ventosa Project to Arcus Development Group.
- Article from:
- Canadian Corporate News
- Article date:
- April 18, 2008
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Copyright informationCOPYRIGHT 2008 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Apr 18, 2008 (Marketwire via COMTEX) -- Riverside Resources Inc. (TSX VENTURE:RRI) is pleased to announce that it has signed a Letter of Intent with Arcus Development Group (TSX VENTURE:ADG) whereby Arcus can earn a 51% interest in Riverside's Ventosa Project by paying Riverside $150,000, issuing to Riverside 200,000 Arcus common shares, and incurring $2,000,000 in exploration expense on the property, over the next three years. Earlier this year, Riverside Resources identified, staked and laid claim to the Ventosa Property located in southeastern Oaxaca, Mexico, based on favorable geology and its own proprietary database of Mexican geology with more ...
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