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DIAGNOS Announces Sale of 56 Mineral Claims in the Obalski Township; Shares Down 4% to Day Lows

DIAGNOS Inc. (ADK.V) is in the red in the afternoon, down almost 4% to day low 25 cents.

Today the company announced the sale of the Obalski South & Obalski East Properties approximately 20 km to the south of the town of Chibougamau to Copper One Inc. Under the terms of the Purchase Agreement, Copper One will acquire 100% of the Claims by paying to Diagnos $10,000 in cash, issuing to Diagnos 175,000 common shares of Copper One and granting to Diagnos a royalty of 2% of the net smelter return in connection with ores and concentrates extracted from the property underlying the Claims.

So far, 47,000 ADK shares have changed hands.

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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.

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