SGX Resources Inc. Announces Acquisition of Mineral Claims

SGX Resources Inc. (SXR.V), which dropped 5.5% on Wednesday, announced that it has completed the acquisition of five mineral claims located in the Porcupine Mining Division, District of Cochrane, Ontario from Randall Salo. The consideration paid by SGX to Salo for the Salo Mineral Claims is 100,000 common shares of SGX and $10,000 in cash. The Salo Mineral Claims are also subject to a 2% net smelter royalty in favor of Salo.

SGX also announced that it has completed the acquisition of four mineral claims located in Sothman township in the Porcupine Mining Division, District of Cochrane, Ontario from Daryl Bremner. The consideration paid by SGX to Bremner for the Bremner Mineral Claims is 120,000 common shares of SGX and $2,000 in cash. The Bremner Mineral Claims are also subject to a 2% net smelter royalty in favor of Bremner.

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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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