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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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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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