MacMillan Gold Receives 100,000 Additional Common Shares From West Timmins Mining

TORONTO, ONTARIO--(Marketwire - Oct. 10, 2008) - George A. Brown, President and CEO of MacMillan Gold Corp. (TSX VENTURE:MMG), is pleased to announce that MacMillan has received an additional 100,000 common shares of West Timmins Mining Inc. (TSX:WTM) of Vancouver. These were issued as due, on or by September 30, 2008, as per the terms of the Property Option Letter Agreement dated November 7, 2007 as news released November 8, 2007. West Timmins may earn an initial 51% interest in the La Violetta, Chino Gordo, and Palmira Properties by issuing 300,000 common shares (200,000 received) and spending $500,000 by September 30, 2010 (over $100,000 as required reported as spent to September 30, 2008). West Timmins may increase their interest to 60% for an additional 200,000 common shares and an additional $500,000 spending by... [read full story]                    

Add Comment
There are also 8 related articles
View all news articles about*:
*Newstin tag cloud displays all featured persons, associated organizations, related topics, regions and companies