09:42 AM EST - Crescent Resources Corp. : signed a Letter Agreement to acquire up to a 100% interest in certain mineral claims covering approximately 4,000 acres located in the Rattlesnake Hills area, Natrona County, Wyoming. The Properties are adjacent to and within approximately five kilometres of Evolving Gold's Rattlesnake Hills property where recent drilling results suggest the possibility of a new large gold deposit. There appear to be many similar geological features between the Properties and Evolving Gold's Rattlesnake Hills property. Under the terms of the agreement, Crescent can acquire an initial 80% interest in the Properties by paying the owners $85,000 U.S. on signing the agreement as reimbursement of previously paid property payments, issuing a total of five million shares of the company. The company can purchase the remaining 20% of the Properties from the owners at a price based on the value established by a bankable feasibility study completed by a third-party engineering company. Crescent Resources Corp.
shares V.CRC are trading even at $0.10.
