West Kirkland Acquiring Hasbrouck And Three Hills Properties

 

VANCOUVER, BC - West Kirkland Mining Inc. reported that the company has signed a binding letter agreement with Allied Nevada Gold Corp. to acquire Allied's Hasbrouck and Three Hills properties in southwestern Nevada for consideration of up to US$30 million.

R. Michael Jones, CEO of West Kirkland Mining said, We are pleased to reach this agreement with Allied Nevada following a systematic search over a six month period for an attractive gold project. The Hasbrouck and Three Hills properties together offer a well-defined resource base where we can utilize our core strengths and experience in mine evaluation and engineering. They also offer an excellent exploration opportunity for the discovery of additional resources. We look forward to presenting this opportunity more fully to our long standing institutional contacts and other investors in the days ahead.

Purchase Price: As set out in greater detail below, WKM is required to pay an aggregate of US$20,000,000 for a 75% interest in the Properties and an additional US$10,000,000 to acquire the remaining 25% interest in the Properties.