Bolero Resources Corp. (TSX-V: BRU) has released a corporate update on its Gold Property in British Columbia. The company previously announced that it had entered an agreement to acquire 11 mining claims of which about 2,653 hectares are directly to the northwest, and 1,930 hectares are tied directly east of the property on which the discovery hole, announced by International Wayside Gold Mines Ltd. on October 7, 2009, is located.
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The company has entered an amendment with the vendors of the mining claims. The amendment reduces the Bolero shares to be issued for the purchase of these claims by a total of 1,000,000 shares. The vendors of the claims have also waived the requirement for Bolero to spend $50,000 in exploration on the claims before July 1, 2010. In consideration for this amendment, the company has issued 500,000 shares as a final installment of shares owing for the 11 mining claims.
Bolero Resources Corp. is a Canada-based molybdenum mineral development and exploration company. Our primary assets are 100% interests in two significant molybdenum properties located in Montana, USA, which are the Bald Butte and Cannivan Gulch properties.
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