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| Home : IAMGOLD Acquires 50% of Monster Lake and Payment of $322,000 to Quinto Real |
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Nov 03
2015 |
IAMGOLD Acquires 50% of Monster Lake and Payment of $322,000 to Quinto Real |
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MONTRÉAL, QUÉBEC--(Marketwired - Nov. 2, 2015) - Quinto Real Capital Corporation (TSX VENTURE:QIT) ("Quinto Real" or the "Company") is pleased to announce to its shareholders the agreement reached between IAMGOLD Corporation and TomaGold Corporation. Under the terms of the new agreement, IAMGOLD will acquire a 50% interest in the Monster Lake project, which comprises the Monster Lake, Winchester and Lac-à-l'Eau-Jaune properties, in exchange for a $3.22 million cash payment to TomaGold, of which $322,000 will be paid to Quinto Real at the closing of the transaction. |
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| Source:http://www.marketwired.com/mw/release.do?id=2069283&sourceType=3 |
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