Petro-Occidente Capital Corp. (OPP-P.V) announced today that on March 7, 2013 it entered into a letter agreement for the arm's length acquisition of 100% of Manson Creek Resources Ltd.'s (MCK.V) interest in an option to acquire a mining property located in the Northwest Territories. Panarc Resources Ltd. owns a 100% interest in and to the Property and granted Manson an option to acquire such 100% interest, subject to 2.5% net smelter return royalty retained by Panarc, pursuant to an agreement between Panarc and Manson dated January 23, 2012, as amended on January 20, 2013
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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.
