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BRIEF-Pilot Gold enters exploration project option agreement with Logan Resources

Published 2016-07-07, 01:17 p/m
© Reuters.  BRIEF-Pilot Gold enters exploration project option agreement with Logan Resources
LGD
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July 7 (Reuters) - Pilot Gold Inc PLG.TO :
* Pilot Gold enters exploration project option agreement
with Logan Resources
* Before closing of deal, will complete non-brokered private
placement in order to fund initial exploration, holding and
development costs
* Signed option agreement with logan resources under which
logan may earn up to 80 pct interest in up to 4 of its 9 great
basin properties
* Logan may earn an initial 51 pct interest in 4 of 9
properties
* Logan may earn an additional 19 percent interest in 4
selected properties by incurring an additional US$2 million in
exploration expenditures

Source text for Eikon: ID:nMKWq3zja
Further company coverage: PLG.TO

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