VANCOUVER, Dec. 20 /CNW/ - International KRL Resources Corp. (TSXV:IRK)
and Logan Resources Ltd. (TSXV:LGR) today announced that a finder's fee has
been paid in conjunction with the Turn River option agreement. International
KRL Resources and Logan Resources granted Longview Capital Partners the option
to earn a 50% interest in their Turn River uranium-nickel project in the Yukon
for CDN$15 million in staged exploration expenditures. (See news release
September 18, 2007)
Finder's fees were paid by both companies in the form of shares to Mr.
Tim Young which consisted of 103,000 common shares paid by International KRL
Resources Corp. and 58,000 common shares paid by Logan Resources Ltd.
In addition, the companies report that airborne radiometric and magnetic
geophysical surveys have been conducted over most of the project area.
Interpretation of the geophysical information obtained is underway and will be
announced when complete.
On Behalf of the Board of International KRL Resources Corp. & Logan
President and CEO
Statements in this news release, other than purely historical
information, including statements relating to the Company's future plans and
objectives or expected results, constitute Forward-looking statements. Such
statements are based on numerous assumptions and are subject to all the risks
and uncertainties inherent in the Company's business, including risks related
to mineral exploration and development. Consequently, actual results may vary
materially from those described in the forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
and accuracy of this release.
For further information:
For further information: on International KRL Resources Corp, please
visit www.krl.net, or call the Company at (604) 689-0299; For more information
on Logan Resources Ltd, please visit www.loganresources.ca, or call the
Company at (604) 689-0299