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Article: Vantex Acquires 100% of the Perron Property.
- Article from:
- Marketwire Canada
- Article date:
- September 29, 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)
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LA PRAIRIE, QUEBEC, Sep 29, 2009 (Marketwire via COMTEX) -- The management of Vantex Resources Ltd. (the "Company") (TSX VENTURE:VTX) is pleased to announce that it acquired 100% of the Perron property, located south of the Galloway Project.
Following an initial agreement with the company 9189-9419 Quebec Inc. (The "Seller") Vantex Resources Ltd. had to invest a sum of $ 250,000 in work over the next few years to acquire 40% interest in the property but due to a renegotiation, the seller sells its 100% interest in exchange for 1 million shares of the company.
Also, on the basis of a positive feasibility study, Vantex will have to pay a sum of $ 100,000 ...