Val-d'Or, Quebec / ACCESSWIRE / April 8, 2014 / Knick Exploration Inc. (TSX-V: KNX) is pleased to report an agreement with GeoNovus Minerals Corp. (TSX-V ;GDM) on the Malartic West Property, the property consists of 13 claims covering 507 hectares, and is located in the gold prolific Abitibi Greenstone Belt in the province of Quebec.
To purchase a 100% interest in the Malartic West property, GeoNovus will pay $20,000 and issue 2,000,000 common shares of the corporation to Knick Exploration Inc. over a two year period. A two per cent (2%) NSR is in place with the Company having the right to buy back one per cent (1%) of the Royalty for one million dollars ($1,000,000).
"We are very pleased to acquire claims in this much sought after area of Quebec and look forward to planning our upcoming work programs. The news on April 2, 2014 regarding the Yamana Gold Inc. and Osisko Mining Corp.'s agreement shows how important this district has become", states GeoNovus president Mike England.
This transaction is subject to TSXV approval.
GeoNovus Minerals Corp. is a junior exploration company actively seeking mineral opportunities for the benefit of all of its stakeholders.
Gordon N. Henriksen, P.Geo., Vice President of Knick Exploration, is the Company's qualified person as defined by National Instrument 43-101. He has reviewed and approved the contents of this press release.
We seek Safe Harbour.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.
FOR MORE INFORMATION, CONTACT:
Jacques Brunelle Gordon N. Henriksen
President & CEO Vice President
Knick Exploration Knick Exploration
536, 3rd Avenue 536, 3rd Avenue
Val-d'Or, Quebec Val-d'Or, Quebec
J9P 1S4 J9P 1S4
Office 819-874-5252 Office 819-874-5252
Cell 819-856-1387 Cell 819-210-1406
SOURCE: Knick Exploration Inc.