Cassius Ventures Enters Into Option Agreement to Acquire Head Bay Property
February 25 2011 - 7:15PM
Marketwired
Cassius Ventures Ltd. (the "Company") (TSX VENTURE: CZ) is pleased
to announce that it has entered into an Option Agreement (the
"Option Agreement") to earn a 100% interest in certain mineral
claims (the "Property") held by Johan Thom Shearer. The Property,
which consists of claims covering 4,212.71 hectares, is situated in
the Alberni Mining Division of British Columbia.
In order to earn a 100% interest in the Property, the Company
will pay CAD$3,500 in reimbursement of a reclamation bond, issue
100,000 common shares of the Company and pay a total of CAD$122,000
in cash over a 4 year period.
The Option Agreement is subject to approval of the TSX Venture
Exchange.
On behalf of the Board of Directors
Cassius Ventures Ltd.
Jason Birmingham, Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility of the adequacy or
accuracy of this release.
Contacts: Cassius Ventures Ltd. Jason Birmingham (604)
688-9588