Business News • MarketWire • Rodocanachi Capital Inc. Announces Qualifying Transaction |
Rodocanachi Capital Inc. Announces Qualifying Transaction |
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Rodocanachi Capital Inc. Announces Qualifying Transaction
MONTREAL, QUEBEC--(Marketwire - Oct. 27, 2011) - Rodocanachi Capital Inc. ("Rodocanachi" or the "Company") (TSX VENTURE:ROD.P) is pleased to announce that it has entered into an arm's length Letter of Intent dated October 27, 2011 ("LOI") with Newcastle Minerals Ltd. ("Newcastle") (TSX VENTURE:NCM), a British Columbia corporation listed on the TSX Venture Exchange (the "Exchange"), whereby the Company will be granted by Newcastle an option to acquire a 60% interest in the Carscallen property (the "Property") which consists of nine freehold patented mining claims (P28962 to P28970) covering a total of approximately 118.339 hectares in Carscallen Township, Porcupine Mining Division, in the Province of Ontario.
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