Pengram Corporation (OTC.BB: PNGM) has entered an agreement to acquire an option to earn up to an 85% interest in 4 mineral concessions. The concessions are held within the Lobongan District of Northern Sulawesi, Indonesia (Manado Gold Property).
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
Pursuant to the agreement, the company has agreed to pay $35,000 to the owner of the Manado Gold Property for exclusive rights for 90 days to formalize an agreement to earn up to an 85% undivided interest in the Manado Gold Property. Following that period, the company has the option to exercise its right to enter into the Acquisition Agreement and will have 30 days to finalize the formal acquisition agreement.
About the Manado Gold Property
The Manado Gold Property is located in Northern Sulawesi, Indonesia and is comprised of four mineral concessions totaling 300 hectares. The previous owners of the Manado Gold Property conducted a substantial exploration drilling program on the property. From 1989 to 1999, the exploration drilling program consisted of 115 diamond drill holes and 19 reverse circulation holes for a total of 6,547 meters. These drilling programs identified three main target zones that contain anomalous values of gold mineralization.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
