Invenio Resources (MSOVF) 0.0126 $MSOVF
Greatbanks Resources Announces Closing of Acquisition of a British Columbia Mineral Tenure
Marketwire Canada - Thu Jun 30, 7:57PM CDT
TORONTO, ONTARIO--(Marketwired - Jun 30, 2016) - Greatbanks Resources Ltd. ("Greatbanks" or the "Company"

(NEX BOARD:GTB.H) is pleased to announce that effective June 29, 2016 the Company acquired a 100% interest in British Columbia mineral tenure 1037777 (the "Windy Claims"

pursuant to an asset purchase agreement dated April 21, 2016 (the "Agreement"

with Ridge Resources Ltd. and Zimtu Capital Corp. (collectively, the "Vendors"

. Pursuant to the terms of the Agreement, the Vendors received an aggregate of 2,000,000 common shares (the "Shares"

of the Company at a deemed price of $0.05 per Share. In addition, the Vendors received a 2% net smelter royalty on any production from the Windy Claims, and the Company has agreed to nominate a designee of the Vendor for election to the board of directors of the Company at the Company's upcoming annual general meeting which is expected to be held on July 18, 2016.
IIROC Trade Resumption - Greatbanks Resources Ltd.
Newsfile Corp - Wed Jun 01, 8:51AM CDT
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IIROC Trading Resumption - GTB.H; KWC.H; WSH.P
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Greatbanks Resources Provides Update on Acquisition of a British Columbia Mineral Tenure
Marketwired - Wed Apr 27, 12:28PM CDT
Greatbanks Resources Ltd. ("Greatbanks" or the "Company"

(NEX BOARD: GTB.H) is pleased to announce that further to the Company's press release dated November 30, 2015, the Company remains committed to closing the asset purchase agreement with Ridge Resources Ltd. and Zimtu Capital Corp. (collectively, the "Vendors"

to acquire a 100% interest in British Columbia mineral tenure 1037777 (the "Windy Claims"

. As a result of the Company being transferred to the NEX effective March 21, 2016, the Company and the Vendors entered into an amended and restated asset purchase agreement dated April 21, 2016 (the "Agreement"

. Pursuant to the terms of the Agreement, the Vendors will receive an aggregate of 2,000,000 common shares (the "Shares"

of the Company at a deemed price of $0.05 per Share or $100,000 in the aggregate on closing of the Agreement. In addition, the Vendors will receive a 2% net smelter royalty on any production from the Windy Claims. Closing of the Agreement remains subject to final approval of the NEX.