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WINNIPEG, MANITOBA--(Marketwired - Dec. 8, 2014) - Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT:GSR) (Frankfurt/Freiverkehr & Xetra:WKN 904435) has today received a second $350,000 cash payment from Claim Post Resources Inc. (TSX VENTURE:CPS) pertaining to the sale of its Manigotagan Silica Frac Sand Project, comprised of 9 quarry leases located near Seymourville, Manitoba. On June 18, 2013, Gossan agreed to sell the Manigotagan Project to Claim Post under the terms of a sale agreement. Gossan has previously received 3,000,000 common shares of Claim Post and a first cash payment of $350,000. The agreement requires one further cash payment of $430,000 due June 18, 2015, as well as, a royalty interest thereafter. |
