Kanosak Venture Capital Corporation (KKV-P.V) has filed astatement on SEDAR in connection with its qualifying transactionconsisting of the acquisition of all rights, title and interestsheld by Amseco Exploration Ltd. in copper, gold and silverprospects at Yasinski Lake, Quebec . The acquisition was previouslyannounced on March 20, 2012.
As consideration for the acquisition, the corporation will issue500,000 common shares to the vendor at a deemed price of $0.30 pershare, pay $60,000 in cash consideration to the vendor and grantthe vendor a 1% Net Smelter Royalty.
The acquisition is expected to close in September 2012.
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