VANCOUVER, March 11, 2013 /CNW/ - G4G Resources Ltd. ("G4G", "the Company") (TSX-V: GXG) announced today that the Company has received final approval from the TSX Venture Exchange to conclude an agreement (the "Agreement") with Nahminto Resources Ltd. ("Nahminto") pursuant to which G4G will transfer to Nahminto its 100% interest in the mining claims known as Macktush property on Vancouver Island (the "Claims") in return for a 1% Net Smelter Return Royalty.
Pursuant to the Agreement, Nahminto undertakes to advise the Company of the proposed work programs, and to complete such exploration, development or other work on the Claims to keep the Macktush property in good standing.
About G4G Resources Ltd.
G4G Resources Ltd. is a Canadian-based mineral exploration and development company focused on a number of low cost iron ore projects.
G4G's latest corporate presentation can be viewed at www.g4gresources.com
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances, except as required under securities laws. For a detailed list of risks and uncertainties, as it relates to G4G Resources Ltd., please refer to the Company's 2011 year end audited financial statements filed with SEDAR on April 27, 2012. Should you wish to receive Company news via email, please email [email protected] and specify "G4G News" in the subject line.
Neither the 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.
SOURCE: G4G Resources Ltd.
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