Search Blog
Categories
April 2018
M T W T F S S
« Mar   May »
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Tags

Gray Rock Terminates Acquisition of the Surprise Lake Properties

FSCWIRE

Gray Rock Terminates Acquisition of the Surprise Lake Properties

Vancouver, British Columbia (FSCwire) – Gray Rock Resources Ltd. (GRK: TSX.V, “Gray Rock” or the “Company”) announces that it has entered into a settlement and property transfer agreement (the “Agreement”) with DeCoors Mining Corp. (“DeCoors”) to terminate the Company’s acquisition of the Surprise Lake and other non-core properties, located near Atlin, British Columbia, consisting of 64 mineral claims in total, which will be re-transferred to DeCoors. In consideration of the retransfer, DeCoors will release the Company from any further obligation to release from escrow 3.2 million common shares, and will deliver to the Company 200,000 common shares of Garibaldi Resources Inc. In addition, the nominee of DeCoors, John Buckle will resign as a director of the Company, and both DeCoors and the Company will deliver mutual general releases.

The Company will be re-evaluating its Silver Stream property, continue to look at other projects and consider new business opportunities.

For further information please contact Gray Rock Resources Ltd. at ph. (604) 682-3701, or log onto our website at www.grayrockresources.com

ON BEHALF OF THE BOARD

David Wolfin

_________________________________

David Wolfin

President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the original release, please click

Maximum News Dissemination by FSCwire. https://www.fscwire.com

Copyright © 2018 FSCwire