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GTA Resources Signs Option Agreement with Metals Creek for Squid East Property

GTA Resources and Mining Inc. (GTA.V) has signed an option agreement with Metals Creek Resources Corp. (MEK.V) in which GTA can earn a 51% to 70% interest in MEK's Squid East property in the Matson Creek area of Yukon Territory.

To earn an initial 51% interest, GTA must make cash payments of $60,000 over 3 years, issue a total of 2 million GTA shares over 3 years, and incur work expenditures of $2 million over 3 years.

GTA has fallen to 23 cents by 2%, trading close to year low 14 cents. MEK is unchanged at 5 cents, which is just above year low $0.045.

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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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