CarolinaCapital Corp. has entered a definitive agreement to acquire the450-acre Madison gold-copper mine in southwestern Montana fromCoronado Resources Ltd.
Carolina is required to pay C$250,000 on closing of theagreement, issue 500,000 shares each on the first and second anniversary andpay C$100,000 on start of commercial production.
The transaction is subject to the completion of a TSXVenture Exchange-approved private placement financing for at least C$500,000.
Coronado subsidiary Lynx Platinum Ltd. is in the process of all of its platinumgroup metals exploration permits in New Zealand.