ANTHEM RESOURCES INC
News Releases in 2015
2015 June 15, 2015 Anthem Receives Payment for Chateau Fort, Quebec Gold Property NR: 15-11
Anthem Resources Inc. (TSXV: AYN) ("Anthem" or the "Company") is pleased to report it has received a payment of $10,000 and 2 million shares of Tarku Resources Ltd. (TSX.V: TKU) ("Tarku"). The payment is part of the option agreement for the Chateau Fort gold property in Quebec, announced on March 24, 2015.
Under the terms of the agreement, Tarku can earn a 100% interest in Chateau Fort, subject to certain underlying diamond rights and Net Smelter Return Royalties. In return Tarku shall pay $100,000 in cash and 8 million Tarku shares in staged payments over four years. The parties have agreed to modify certain other terms of the agreement by reducing the firm work commitment, to be completed on or before July 10, from $200,000 to $180,000. In addition, Anthem has agreed to waive the requirement for Tarku to raise $400,000.
On June 11, Tarku announced it has commenced a 2,100-line-kilometre airborne electromagnetic survey over the Property.
Anthem retains a 2% Net Smelter Return Royalty on claims not subject to other underlying agreements, of which 1% can be bought down for payment of $2 million. In addition, Anthem retains the right to maintain its pro rata percentage ownership of Tarku via future financings, and first right of refusal on third party offers to purchase the Property.
About Anthem Resources
Anthem Resources Inc. is a Canadian exploration company, which holds a number of uranium properties, joint ventures and royalty interests. Anthem also owns a portfolio of securities in various junior exploration companies.
On Behalf of the Board of Directors of
ANTHEM RESOURCES INC.
Walter Coles Jr.
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.
You can view the Previous News Releases item: Mon Jun 8, 2015, Anthem Grants Incentive Stock Options page, or press the Back button on your browser.
Anthem Resources Inc. (TSXV: AYN) ("Anthem" or the "Company") is pleased to report it has received a payment of $10,000 and 2 million shares of Tarku Resources Ltd. (TSX.V: TKU) ("Tarku"). The payment is part of the option agreement for the Chateau Fort gold property in Quebec, announced on March 24, 2015.
Under the terms of the agreement, Tarku can earn a 100% interest in Chateau Fort, subject to certain underlying diamond rights and Net Smelter Return Royalties. In return Tarku shall pay $100,000 in cash and 8 million Tarku shares in staged payments over four years. The parties have agreed to modify certain other terms of the agreement by reducing the firm work commitment, to be completed on or before July 10, from $200,000 to $180,000. In addition, Anthem has agreed to waive the requirement for Tarku to raise $400,000.
On June 11, Tarku announced it has commenced a 2,100-line-kilometre airborne electromagnetic survey over the Property.
Anthem retains a 2% Net Smelter Return Royalty on claims not subject to other underlying agreements, of which 1% can be bought down for payment of $2 million. In addition, Anthem retains the right to maintain its pro rata percentage ownership of Tarku via future financings, and first right of refusal on third party offers to purchase the Property.
About Anthem Resources
Anthem Resources Inc. is a Canadian exploration company, which holds a number of uranium properties, joint ventures and royalty interests. Anthem also owns a portfolio of securities in various junior exploration companies.
On Behalf of the Board of Directors of
ANTHEM RESOURCES INC.
Walter Coles Jr.
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.
You can view the Previous News Releases item: Mon Jun 8, 2015, Anthem Grants Incentive Stock Options page, or press the Back button on your browser.
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