|
|
Article: Savant Receives Regulatory Approval of Grant of Option to Selwyn on Vinata Property in Mexico and Begins Exploration of Property.
- Article from:
- Marketwire Canada
- Article date:
- August 12, 2009
CopyrightCOPYRIGHT 2009 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)
|
VANCOUVER, BRITISH COLUMBIA, Aug 12, 2009 (Marketwire via COMTEX) -- Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") is pleased to announce that it has received final regulatory approval of the previously announced (July 22nd) option grant to Selwyn Resources Ltd on the Vinata Property in Mexico. The acquisition agreement grants Selwyn an option to acquire an initial 50% interest in the Vinata Property and upon exercising that option, an option for Selwyn to increase its interest to 55% by making additional expenditures. Selwyn is committed to minimum US$500,000 exploration expenditure by January 15, 2010. Preparatory fieldwork is now underway for the planned 1800 ...