TORONTO, Dec. 24, 2018 (GLOBE NEWSWIRE) -- CAMROVA RESOURCES INC. (TSX V "CAV" OTC: BAJFF, SSE: CAVCL, CAVUSA) ("Camrova" or the "Company") announced today it has entered into an option agreement (the "Option") with Armex Mining Corp., a private mining company located in Vancouver, British Columbia ("Armex") granting it the right, effective as of December 24, 2018 (the "Effective Date") to earn up to a 50% interest in and to certain mineral claims adjacent to and forming part of Armex's Goldstream Mine Project located approximately 100 kilometers north of Revelstoke, British Columbia (the "Property"). Under the terms of the Option, Camrova is entitled to earn its interest by making cash payments aggregating CAD$5,000,000 and incurring exploration and related capital expenditures on the Property aggregating CAD$45,000,000 over five years following the Effective Date, as follows:
Camrova Resources Inc. Announces Option Agreement and Private Placement
Dec 24, 2018
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