CALGARY, Jan. 20 /CNW/ - Fulcrum Resources Inc. (Fulcrum) (CNSX
Exchange-FLR) is pleased to announce that it has concluded a formal Purchase
and Sale agreement with Homegold Resources Ltd. to acquire all of the Silver
Peak Mineral Claims totaling 3099 hectares located in the Southern part of
British Columbia in Canada. In accordance with the terms of the agreement,
Fulcrum will issue 3,000,000 common shares to Homegold. The company will also
issue 300,000 shares as a finders fee to a third party.
The Silver Peak Mineral Claims are located approximately 6Km from the
town of Hope B.C. and are in close proximity to all major infrastructure. The
area was mined in the late 1800s and was known to produce very high grades of
Silver. Fulcrum is very excited about the acquisition and believes that with a
reasonable amount of capital expenditure it can again be put into production
with the added upside of more exploration to increase its resources.
"This is a great opportunity for Fulcrum and its shareholders to add near
term cash flow, and exploration upside, we will continue to look at other
opportunities that meet our commitment to development and exploration", said
Michael Whitehead, President of Fulcrum Resources Inc.
Fulcrum Resources is a Calgary based Resources Development and
Exploration Company focused on building and developing shareholder value.
The CNSX Exchange does not accept responsibility for the adequacy or
accuracy of this release.
For further information:
For further information: Dan Patience, Investor Relations, Phone: (403)