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TORONTO, ONTARIO--(Marketwired - April 8, 2013) - Mag Copper Limited ("Mag Copper" or the "Company") (CNSX:QUE) announces that it has amended the terms of its option agreement with Globex Mining Enterprises Inc. ("Globex") with respect to the Magusi and Fabie Bay properties located near Rouyn-Noranda, Quebec. Under the terms of the amending agreement the due date for a $300,000 payment which were due to Globex on April 28, 2012, has been extended to three $100,000 payments due on April 28, 2013, August 28, 2013 and December 28, 2013, respectively. In addition, expenditure commitments of $8,000,000 ($3,000,000 to be incurred on or before April 28, 2013 and $5,000,000 to be incurred on or before April 28, 2014) have each been extended for a 12 month period to April 28, 2014 and 2015, respectively. |
