Capstock Financial

January 25, 2012 12:53 ET

Capstock Financial Signs Letter of Intent to Acquire Significant Land Package in the Gaspe Region of Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2012) - Capstock Financial ("Capstock" or "the company") (TSX VENTURE:CPK) is pleased to announce that it has signed a binding letter of intent with Threegold Resources ("Threegold") (TSX VENTURE:THG) to acquire the Dome Lemieux property package in the gaspe peninsula.

This land package is strategic for the company for on several fronts. This property package is contiguous to the south of the property thus increasing the land position by 150 square kilometres. Secondly, this property comes with over $3,500,000 worth of exploration done by Threegold. The data and work will give Capstock a better understanding of the global property as well as good potential for silver in the project.

The terms of the deal are as follows; Capstock will issue 8,750,000 shares to Threegold priced at 40 cents for a total of $3,500,000. This transaction is an arms length transaction as the companies have common directors. These shares will be subject to a one year hold period. This transaction is subject to regulatory approval.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Victor Goncalves
    President & CEO Capstock Financial