Cassius Ventures Enters Into Option Agreement to Acquire Head Bay Property
Cassius Ventures Ltd. is pleased to announce that it has entered into an Option Agreement (the “Option Agreement”) to earn a 100% interest in certain mineral claims (the “Property”) held by Johan Thom Shearer. The Property, which consists of claims covering 4,212.71 hectares, is situated in the Alberni Mining Division of British Columbia.
In order to earn a 100% interest in the Property, the Company will pay CAD$3,500 in reimbursement of a reclamation bond, issue 100,000 common shares of the Company and pay a total of CAD$122,000 in cash over a 4 year period.
The Option Agreement is subject to approval of the TSX Venture Exchange.