Regarding the Purchase of the Jersey Emerald Property
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(via Thenewswire.ca)
Vancouver, BC / TNW-ACCESSWIRE / November 10, 2014 /Sultan Minerals Inc. (TSX-V: SUL; "the Company, "Sultan") reports that the Company has reached an agreement ("the Amending Agreement") with Margaux Resources Ltd. (TSX-V: MRL; "Margaux") to amend the Option Agreement dated November 8, 2013 between Sultan and Margaux granting Margaux an option to purchase 100% of the Jersey Emerald Property for payments totaling $4 million according to terms set therein.
Pursuant to the Amending Agreement, the Option Payment of $750,000 due November 8, 2014 has been divided into two payments, of which the first payment of $400,000 due on November 8, 2014 has been received and a second payment of $350,000 will be due on March 15, 2015. All other terms of the Option Agreement remain unchanged.
For further information on the Company's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: [email protected] or [email protected]
