11:55 AM EST - TerraX Minerals Inc. : has entered into a purchase agreement for the UBreccia property, which is contiguous with and immediately west-southwest of its Northbelt property in the Yellowknife City Gold Project, Northwest Territories. The Ubreccia property consists of three claims totaling 1,394 hectares; it is being purchased from Panarc Resources Ltd for 75,000 common shares, subject to acceptance for filing by the TSX Venture Exchange. Panarc will retain a 1% NSR, of which 0.5% can be purchased by TerraX at any time for $1,000,000. TerraX Minerals Inc.
shares V.TXR are trading unchanged at $0.75.
