11:38 AM EST - Halo Resources Ltd. : announced that it has amended an agreement with Red Lake Gold Mines Partnership on properties located in the Red Lake District of Ontario. In conjunction with the option amendments, Goldcorp Inc. has agreed to purchase units of Halo. The option agreement is amended to provide Goldcorp with a 40% interest in Halo's interest in the Bridget Lake Property once Halo exercises the tribute option. Halo has to exercise the tribute option to acquire a 65% interest in the Bridget Lake Property on or before September 5, 2010. Halo has also agreed to increase its work program by $250,000 over the term of the option agreement and to extend the option agreement until December 31, 2011. In consideration, Goldcorp has agreed to accept the fulfilment of the terms, conditions and obligations of the amending agreement and the option agreement as payment of Halo's obligations pursuant to the option agreement. Halo Resources Ltd.
shares V.HLO are trading up $0.01 at $0.05.
