|By Marketwired .||
|May 1, 2014 11:13 AM EDT||
VAL D'OR, QUEBEC -- (Marketwired) -- 05/01/14 -- Hinterland Metals Inc. (TSX VENTURE:HMI) ("Hinterland") is pleased to announce that it has entered into an option agreement at arm's length with two local prospectors (the "Vendors") whereby Hinterland may earn a 100% interest in the three-claim (5,868-hectare) Williams Brook property (the "Property") located 90 kilometres west of Bathurst, New Brunswick.
Under the terms of the agreement, Hinterland may earn a 100% interest in the Property by paying $50,000 cash and issuing 1,000,000 shares to the Vendors over a three year period. In addition Hinterland will pay the Vendors an annual cash bonus equivalent to 5% of exploration costs incurred on the Property up to a maximum of $50,000 in any given fiscal year. The Property will be subject to a 2.5% royalty interest. Hinterland will have the right to purchase 1.0% of the royalty interest for $1 million and will have a right of first refusal on the remaining 1.5%. The agreement is subject to approval by regulatory authorities in compliance with applicable securities legislation. Hinterland intends to start exploration work on the Property with geochemical sampling and geophysical surveys in May 2014 with the goal of developing drill targets for 2015.
Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 that reviewed and approved the technical content of this release.
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. This release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Company's periodic reports including the annual report or in the filings made by the Company from time to time with securities regulators. The Company undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of an unanticipated event.
Shares Issued 24,894,614
Sep. 28, 2016 04:45 AM EDT Reads: 2,982
Sep. 28, 2016 04:30 AM EDT Reads: 1,674
Sep. 28, 2016 04:30 AM EDT Reads: 1,636
Sep. 28, 2016 04:30 AM EDT Reads: 1,015
Sep. 28, 2016 04:15 AM EDT Reads: 4,590
Sep. 28, 2016 04:00 AM EDT Reads: 444
Sep. 28, 2016 03:30 AM EDT Reads: 1,763
Sep. 28, 2016 03:30 AM EDT Reads: 3,110
Sep. 28, 2016 03:15 AM EDT Reads: 2,978
Sep. 28, 2016 03:00 AM EDT Reads: 1,828
Sep. 28, 2016 03:00 AM EDT Reads: 1,777
Sep. 28, 2016 02:45 AM EDT Reads: 1,884
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 28, 2016 02:15 AM EDT Reads: 1,339
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 28, 2016 02:00 AM EDT Reads: 1,136
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 28, 2016 01:45 AM EDT Reads: 2,791