March 7 (Reuters) - Bowmore Exploration Ltd BOW.V
* Bowmore signs a purchase agreement to acquire 100% of the Brunswick belt property in New Brunswick, Canada
* Pursuant to purchase agreement company will acquire interest in project by issuing to owner 2.8 million common shares of corporation
* Under terms of purchase agreement, company will have no further financial obligations to the private owner
* Shares issued to vendor in counterpart of acquisition will be escrowed for period 18 months with release period every 6 months
* Under terms of purchase agreement Bowmore will not be encumbered with any area of interest
* Co will retain 100% of all net smelter royalties (NSR) from proceeds of any commercial production from Brunswick belt property Source text for Eikon: ID:nCCN87LCW3 Further company coverage: BOW.V