Internacional (Marketwired, 15 de Agosto de 2013) Puma Exploration (TSX VENTURE:PUM) purchases JV partner Tanqueray Exploration (TSX VENTURE:TQY) interest in the Little Stull Lake gold property in northern Manitoba. Under the terms of the purchase agreement, Puma has paid a cash payment of $75,000 and will issue 400,000 Puma's shares. Tanqueray retains a royalty equal to 1% of Net Smelter Returns (NSR) from the Property. At any time after the Closing Date, Puma has the right to purchase half of the Royalty for CDN $1,000,000 and to purchase the other half of the Royalty for an additional CDN $2,000,000.
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