09:52 AM EST - Brigus Gold Corp. : announced that it has reached a settlement agreement in connection with its Huizopa exploration project located in the Sierra Madre Occidental mountains in Chihuahua, Mexico. In connection with the settlement agreement, the Company has entered into a related sale agreement pursuant to which Brigus has sold its 100% interest in its Mexican subsidiary, Minera Sol de Oro, S.A. de C.V. and its joint venture in the Huizopa Project to the Cormack Capital Group, LLC for proceeds of $3.5 million U.S., payable over a five-year term, while the Company retains a 3% Net Smelter Royalty over future production from the Huizopa Project. Brigus Gold Corp
shares T.BRD are trading up $0.05 at $2.06.
