09:33 AM EST - Bolero Resources Corp. : Bolero Resources Corp. said it has entered into an agreement to acquire 11 mining claims of which around 2,653 hectares are directly tied on to the northwest, and 1,930 hectares are tied directly east, of the property on which the discovery hole announced October 7, 2009 by International Wayside Gold Mines Ltd. is located. The terms of the agreement are a cash payment of $35,000, the issuance of 1,500,000 shares of Bolero upon TSX Venture Exchange approval, 1,500,000 shares six months after the date of the agreement plus a 1% NSR, the company said. Bolero said it has also committed to spend $50,000 on exploration prior to July 1, 2010. A finder's fee may be payable in relation to this agreement. Bolero also announced a non-brokered private placement, of up to 7,000,000 units at a price of $0.15 per unit to raise $1,050,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at a price of $0.30 per share for two years. Finder's fees may be payable. Bolero Resources Corp.
shares V.BRU are trading even at $0.20.
