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Murgor Resources Sells Net Smelter Return Royalty at Barry 1 Property; Share Rise 33%

Murgor Resources Inc. (MGR.V) has entered into an agreement to sell its 1% net smelter return royalty in the Barry-1 Property to Gold Royalties Corporation for a cash consideration of $450,000.

The Barry-1 Property comprises 14 claims which cover the Barry Gold Deposit, located northeast of Val d'Or, Quebec. The Barry Gold Deposit is presently owned by Metanor Resources Inc. Closing of the transaction is expected to occur on or before March 22, 2013.

MGR shares gained half-a-cent to $0.02.

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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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