Ditem to Acquire Abitibi's Bruell Gold Property
Ditem Explorations (DIT.V) announced that it has signed a letter of intent with an arm's length third party to acquire a 100% interest in the Bruell gold property in Vauquelin Township near Val-d'Or, Abitibi.
The Bruell Property is composed of 43 claims for a total of 2,474 hectares.
In return for a 100% interest in the property, Ditem will pay to the vendor a total of $150,000 over a 12 month period in three $50,000 payments and a total of two million shares over two years.
DIT shares were off half-a-cent at $0.04.
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