Pacific Ridge Acquires 43 Additional Claims from True North Gems

Pacific Ridge Exploration Ltd. (TSXV:PEX) announcedtheir acquisition of 43 mineral claims in the Fyre Lake property, in the Yukon from True North Gems.

As quoted in the press release:

In order to earn a 100% interest in the claims from True North, Pacific Ridge will, subject to TSX Venture Exchange approval, make an initial payment of $15,000 plus 250,000 Pacific Ridge shares and on or before January 31, 2014 will pay an additional $10,000 and 150,000 shares. The agreement is not subject to any underlying royalty interests.

To view the whole press release, click here.