| Sparton Enters Settlement Agreement Respecting Claim Against Anthem Resources Incorporated, Boss Power Corp., Blizzard Uranium Corp., and the Province of British Columbia | |
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TORONTO, ONTARIO--(Marketwired - Apr 16, 2015) - Sparton Resources Inc. (TSX VENTURE:SRI) announces that it has entered into a settlement agreement (the "Settlement Agreement") with Anthem Resources Incorporated ("Anthem"), Boss Power Corp. ("Boss Power"), Blizzard Uranium Corp. ("Blizzard"), and the Province of British Columbia (the "Province"). The Settlement Agreement provides for the full and final settlement of any claim Sparton may have against Anthem, Boss Power, Blizzard, and the Province, or any of them. In consideration of the settlement Anthem will pay Sparton the sum of $340,000 and transfer to Sparton or its designee(s) 2,200,000 common shares of Sparton currently held by Anthem. Anthem, Boss Power and Blizzard also agreed to provide Sparton with a release respecting any claim they may have against Sparton. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. We Seek Safe Harbour
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Sparton Resources Inc
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EXPLORATION STAGE |
CODE : SRI.V |
ISIN : CA8472431029 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Sparton Res. is a silver exploration company based in Canada. Sparton Res. holds various exploration projects in Canada, in China, in Mexico and in Mongolia. Its main exploration properties are WEMINDJI, BLIZZARD and WHISKEY in Canada, SIERRA ROSARIO in Mexico, LUXI in China and TIANSHAN GOLD BELT in Mongolia. Sparton Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.1 millions, € 1.8 millions). Its stock quote reached its highest recent level on December 31, 2004 at CA$ 1.05, and its lowest recent point on October 02, 2015 at CA$ 0.01. Sparton Res. has 111 375 460 shares outstanding. |