Winnipeg, Canada / ACCESSWIRE / June 9, 2014 / Cougar Minerals Corp. - TSX-V: COU ("Cougar" or "the "Company) is pleased to announce the acquisition of the mining claims Elisa 1, Elisa 2, Elisa 3, Elisa 4 and Elisa 5, for a total area of 1,400 hectares, all located at Copiapo, III Region, Chile, through its subsidiary Minera Cougar Chile SpA ("Cougar Chile") from Cesar Andres Lopez Alarcon, (the "Transaction").
Once this Transaction is completed, these mining concessions will be part of the San Antonio and Tres Amantes Project, in which the Company holds a 100% interest.
As consideration for the Transaction, the Company will pay CDN$180,000 in common shares of the Company at a deemed price of $0.06 per common share within 30 days of receipt of approval by the TSX Venture Exchange (the "Exchange") of the agreement. The Shares and may be subject to escrow or resale restrictions.
About Cougar Minerals Corp.
Cougar is a junior exploration company focused on the discovery and development of economic mineral deposits.
Additional information on Cougar Mineral can be found on the Company's website at www.cougarminerals.com and by reviewing the Company's page on SEDAR at www.sedar.com.
On behalf of the Board of Directors
For more information, please contact:
Cougar Minerals Corp.
Murray Nye, President/CEO
Senergy Communications Inc.
Anthony Zelen, President
COUGAR MINERALS CORP.
s/ "Murray Nye"
Neither TSX Venture Exchange, nor its Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied in the forward-looking information.
SOURCE: Cougar Minerals Corp