July 14 (Reuters) - Rapier Gold Inc RPR.V :
* Rapier Gold Inc enters into agreement to acquire Pen South Property
* Terms of purchase agreement include acquiring 100% purchase of Pen South Property, subject to a 2% NSR
* Upon completion of terms of purchase agreement, company will pay $325,000 and issue 1,500,000 common shares
* Agreement covers 10,848 hectares, replaces option to explore for gold on Pen Gold South Property entered into at time of listing co Source text for Eikon: ID:nMKWnZKhDa Further company coverage: RPR.V
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