03:49 PM EST - Maestro Ventures Ltd. : said that it has signed a lease agreement with JR Exploration LLC to acquire 100% of the Wallace Canyon project, located in Eureka County, Nevada.The Wallace Canyon lease has a 20-year term. At signing Maestro agreed to a one-time cash payment of $4,281 and shall reimburse claim maintenance and/or filing fees for the 2008 assessment year. Annual lease payments include $10,000 on the first anniversary of this agreement, $15,000 on the second anniversary, and there after payments shall increase by 10% annually. Maestro Ventures Ltd.
shares V.MAP are trading up 1 cent at $0.47.
