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Mining News

Velocity to Acquire Certain Mineral Property Interests in Bulgaria

Velocity Minerals Ltd. announced that it has signed a Share Purchase and Sale Agreement with 1077076 B.C. Ltd., a private British Columbia corporation, and the shareholders of TargetCo, whereby Velocity will acquire all of the outstanding shares of TargetCo in exchange for common shares of Velocity, at a deemed price of $0.25 per Payment Share. On completion of the Transaction, Velocity will hold options to acquire interests in the Tintyava Property and the Ekuzya Property located in south-eastern Bulgaria.

source: m.marketwired.com

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