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Medgold Resources Corp and Radius Gold Sign strategic alliance agreement on Medgold's Portuguese assets


Thursday, 9 Jan 2014 01:00pm EST 

Medgold Resources Corp:Says has entered into a strategic alliance agreement with Radius Gold Inc whereby Radius will have the right to option one of Medgold's properties located in Portugal.Says Radius has agreed to participate in Medgold's current private placement financing as to $500,000.For a period of 18 months, Radius may select one of Medgold's Portuguese properties in which Radius will be granted the option to earn a 51 pct interest by spending $3.0 mln on exploration and development of that property.Says upon exercise of the option, a joint venture will be formed between Medgold and Radius to further develop the property. 

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28 Jul 2014