Gulfside Climbing on Deals to Acquire Iron Ore Properties in Alaska, Quebec and Labrador

Gulfside Minerals Ltd. (GMG.V) today picked up options to three iron ore projects in Alaska, Labrador and Northern Quebec and acquired a few new supporters in the process.

Gulfside shares are up 25% to 0.075, gaining 1.5 cents, after announcing the deals for the three properties for a combined $375,000 in cash plus 1 million shares of company stock. Gulfside also committed to $350,000 in first-year work commitments as well as net smelter royalties of between 2% to 2.5% for any ore processed from the properties.

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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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