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Article: Rocky Mountain Announces Sale of Paris Hills Phosphate/Vanadium Property.
- Article from:
- Marketwire Canada
- Article date:
- October 9, 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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VANCOUVER, BRITISH COLUMBIA, Oct 9, 2009 (Marketwire via COMTEX) -- ROCKY MOUNTAIN RESOURCES CORP. (TSX VENTURE:RKY) is pleased to announce that its wholly-owned subsidiary, RMP Resources Corp. ("RMP"), has entered into an agreement with Stonegate Agricom Ltd. ("Stonegate") to sell a 100% interest in the Paris Hills Phosphate/Vanadium Property, located in Bear Lake County in Idaho, USA. As consideration for the acquisition, Stonegate will pay $1,000,000 in cash and issue 6,000,000 common shares of Stonegate valued at $0.50 per common share. Closing of the transaction, which is expected to occur on November 15, 2009, is ...