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Puma Exploration to acquire Jonpol gold project in New Brunswick

Puma Exploration Inc. agreed to acquire the Jonpol gold project, comprising 16 claim blocks covering 2,745 hectares about five kilometers northwest of the Murray Brook zinc project in New Brunswick, it said Oct. 17.

Puma will issue 4 million pre-consolidation shares to the vendors, who will keep a net smelter royalty of 2%. Puma retains the right to repurchase 1% NSR for C$1.0 million.