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Kootenay And Fjordland Enter Into Option Agreement On Seven Properties In Southeastern British Columbia
22 Dec 2010
Kootenay Gold Inc. (TSX.V:KTN) ("Kootenay") and Fjordland Exploration Inc. (TSX.V:FEX) ("Fjordland") have entered into an option agreement whereby Fjordland has the right to earn an undivided 60% interest in seven individual claim groups (Big Kahuna, Slocanny Granny, Red Lobster, Moly Pritchard, Big Smoke, MS Peg and GCP) (collectively known as the "Kootenay Gold Claims") located in Southeastern British Columbia in exchange for issuing an aggregate total of 7 million common shares of Fjordland to Kootenay; and financing $7 million of exploration expenditures on the properties within a four-year period. All terms of this agreement are subject to approval by the TSX Venture Exchange. [View More] VIEW MORE [+]

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