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Article: United States : Radisson Mining Announces Termination of Arianne Option on Massicotte Property.
- Article from:
- TendersInfo
- Article date:
- September 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. 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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Byline: manish03
Radisson Mining Resources Inc. (TSX VENTURE: RDS) ("Radisson" or the "Company") announced today that the option agreement whereby Arianne Resources Inc. was to earn a 50% interest in Radisson's 100%-owned Massicotte property has been terminated. Since entering into the option agreement in 2006 with Radisson, Arianne has spent approximately $770,000 in exploration on the Massicotte claims, made cash payments of $50,000 and has issued to Radisson 30,000 shares of Arianne that now trade on the TSX Venture Exchange at $0.175.
The Massicotte property of Radisson covers a total of 24,664 hectares in the prolific Abitibi Greenstone Belt in ...