09:48 AM EST - Touchdown Capital Inc. : signed an Option Agreement with Mhakari Resources Inc. to earn an 80% interest in Mhakari's Argyle Gold Project. The project covers more than 20,000 acres on an underexplored western extension of the Kirkland Lake and Larder Lake gold camp, Canada's second most productive gold region with total historic production exceeding 40 million ounces. Following the Option Agreement, Touchdown can earn an 80% interest in the Argyle Gold Project from Mhakari by paying Mhakari $25,000 cash upon signing and an additional $25,000 in January 2011, by issuing 2.0 million of its common shares to Mhakari upon signing and issuing an additional 1.2-million shares to Mhakari in January 2011 and by spending $400,000 on exploration by January 2011 and an additional $1.1 million on exploration by January 2012. Touchdown Capital Inc.
shares V.TDW are trading even at $0.13.
