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Article: Polar Star to Acquire Chepica Copper-Gold Mine in Chile.
- Article from:
- Canadian Corporate News
- Article date:
- April 24, 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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TORONTO, ONTARIO, Apr 24, 2008 (Marketwire via COMTEX) -- Polar Star Mining Corporation (TSX VENTURE:POS)(PINK SHEETS:POSRF) ("Polar Star" or the "Company") announces the signing of an agreement whereby Polar Star will acquire an 85% ownership interest in the Chepica Copper-Gold Mine, Mill and 1,440 hectares of associated mining properties for cash payments totalling approximately US$5.1 million, pending successful due diligence. Polar Star has the option to make such payments over a 12 month period. This acquisition adjoins Polar Star's wholly owned Corinto and Batuco claims. These claims plus the Chepica Mine property total 16,640 hectares in the Pencahue District, Region ...
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