Welcome!

News Feed Item

Bearclaw Capital Corp. Signs Option Agreement With Copper Mountain for Its Axe Property, an Advanced Stage Copper-Gold Porphyry Deposit

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/19/14 -- Bearclaw Capital Corp. (TSX: BRL)(FRANKFURT: 5BQ) is pleased to announce that it has entered into a option agreement with Copper Mountain Mining Corp. dated February 12, 2014, whereby Copper Mountain may acquire up to a 75-per-cent undivided interest in and to 25 mineral claims located in British Columbia, Canada, known as the Axe property. Bearclaw and Weststar Resources Corp. hold the property as a joint venture, in which the parties hold a 30-per-cent and a 70-per-cent interest respectively.

Under the terms of the agreement, Copper Mountain can earn a 51-per-cent interest in the Axe property by incurring $3,000,000 of expenditures in exploration activities on the property by the end of the five year earn-in period, with a minimum of $100,000 being incurred in each year, and to paying to the company and Weststar (collectively, in proportion to their participating interest in the Axe J.V.): $30000 on the first anniversary of the commencement date; and $50,000, $100,000, $150,000 and $200,000 on the succeeding anniversaries of the commencement date.

If Copper Mountain exercises the option, a joint venture will be formed between Copper Mountain, Bearclaw and Weststar, with Copper Mountain holding a 51-per-cent participating interest, and the company and Westar holding 14.7-per-cent and 34.3-per-cent participating interests, respectively.

Upon exercise of the option, Copper Mountain will have the option to acquire an additional 24-per-cent undivided interest in the property (increasing its interest to 75-per-cent, absent other adjustments) by either completing a feasibility study on the property or incurring no less than $12,000,000 in expenditures on the property and providing the company and Westar with evidence of such expenditures. In the event that Copper Mountain exercises the second option and acquires an undivided 75-per-cent interest in the property, then the company will have a 7.5-per-cent participating interest and Westar a 17.5-per-cent participating interest in the property, respectively. If at any time, Bearclaws' Participating interest is diluted to less than a 7.5-per-cent Participating Interest it shall be automatically converted to a 0.75-per-cent Net Smelter Return royalty.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
Bearclaw Capital Corp.
Scott M. Ross
President
604-682-2201 or 604-803-4883
604-682-0318 (FAX)
info@bearclawcapitalcorp.com
www.bearclawcapitalcorp.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are focused on SAP running in the clouds, to make this super easy because we believe in the tremendous value of those powerful worlds - SAP and the cloud," explained Frank Stienhans, CTO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Any startup has to have a clear go –to-market strategy from the beginning. Similarly, any data science project has to have a go to production strategy from its first days, so it could go beyond proof-of-concept. Machine learning and artificial intelligence in production would result in hundreds of training pipelines and machine learning models that are continuously revised by teams of data scientists and seamlessly connected with web applications for tenants and users.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.