09:39 AM EST - Lund Gold Ltd. : received the sole and exclusive option to acquire a 100% interest in 16 claims covering 6,105 hectares located in the Omineca Mining Division, Province of British Columbia, known as the Don-Don Property. The Don-Don Property is contiguous with claims belonging to Lysander Gold's Pinchi Project which have been recently optioned by Amarc Resources. In order to exercise its option, Lund must pay the vendors a total of $203,000 over four years, issue a total of 650,000 shares of Lund over five years and incur exploration expenditures totaling $575,000 over four years. The vendors will retain a royalty equal to 3% of net smelter returns, with Lund having the right to purchase, at any time, one third of the royalty by paying the vendors the sum of $2 million. Lund Gold Ltd.
shares V.LGD are trading even at $0.10.
