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TORONTO, ONTARIO--(Marketwired - Feb. 12, 2015) - Kerr Mines Inc. ("Kerr" or the "Company") (TSX:KER) announces that further to its press release of November 12, 2014, it has completed the first tranche of the sale of its Northern Ontario Properties (the "First Transaction"). Pursuant to a mining property acquisition agreement dated February 11, 2015, Kerr Mines sold all of its right, title and interest in and to two unpatented mining claims located in McGarry Township (the "McGarry Claims"), in exchange for (i) an aggregate of $225,000; and (ii) a 1% net smelter royalty on the McGarry Claims. |
