Beaufield Resources Inc. (BFD.V) has been informed by Amseco Exploration Ltd. (AEL.V) of Amesco's termination of its option to earn an interest in Beaufields 100% owned Urban property
In March 2010, Amseco entered into an option agreement to acquire an undivided 50% of Beaufield's 100% interest in the Property. Amseco had to spend $1,980,000 over a four year period ending in March 2014 to earn its interest in the Property. As a result of this termination, Amseco has earned no interest and Beaufield is the owner of 100% of the Property.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
