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April 08, 2004
AntOro Mines J.A.G. And Placements Spel Amend The Ste-Clotilde Agreement And AntOro Earns A 30% Interest In The Property
Montreal, April 8, 2004 - AntOro Resources Inc. (TSX-Venture “ORE”) is pleased to announce that it has earned a 30% interest in the Ste-Clotilde Silica property and issued to Les Mines J.A.G. Ltée. (TSX-Venture “JML”) and Les Placements SPEL Inc. (“SPEL”) 250,000 common treasury shares as partial payment to earn this interest. To date AntOro has invested in excess of $270,000 in this project.
AntOro will issue to JAG and SPEL an additional 500,000 commons treasury shares as it starts phase 3 of the option which consists in completing a feasibility study and making additional investments of $250,000 in the project.
The companies also wish to announce that they have amended their agreement on September 15, 2003 to reflect that the property now consists of fifteen ( 15 ) Map Designated Claims ( “CDC” ) covering an area of 851.05 hectares and that the CDCs will eventually be converted into a Mining Lease under the terms of the “Loi sur les Mines (Québec)”.
The parties have agreed that there is no default to either parties obligations under the Option Agreement.
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