Armor Announces Joint Venture and Private Placement
Vancouver, BC, September 9, 2015 – Armor Minerals Inc. (TSX-V: A) (“Armor” or the “Company”) announces a it has entered into a letter of intent (“LOI”) to joint venture the Warmister and Tower Hill gold properties located in Virginia, USA and a non-brokered private placement for gross proceeds of $500,000.
JFE”) for their Warmister and Tower Hill gold properties (“Properties”) located in Virginia USA. The Properties are currently 100% held by JFE.Under the terms of the LOI Amor will earn up to an 80% interest in the Properties by making the annual lease option payments, when due, maintaining the Projects in good standing, incurring exploration expenditures aggregating US$750,000 over a three year period and delivering preliminary economic assessment.An annual US$25,000 administration fee is also applicable with the first such payment to occur on the signing of a definitive Earn-in Agreement.
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About Armor Minerals Inc.
Armor Minerals Inc.is a Canadian company listed on the TSXV under the symbol A.
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.