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Olserum Sample Clauses

Olserum. During fiscal 2012 the Company acquired a 100 % interest in the Olserum property, comprising one claim, in southern Sweden. The Olserum property was purchased from Norrsken Energy Limited, a private company registered in the United Kingdom, for total consideration of 37,746 common shares of the Company issued at a fair value of $95,120. The Company subsequently staked a further five claims surrounding the Olserum property. During the nine months ended May 31, 2015 the Company relinquished certain exploration claims and recorded an impairment charge of $7,154 (fiscal 2014 - $44,230) to exploration and evaluation assets. As at May 31, 2015 the Company has 10 exploration claims and one mining lease in Sweden.
Sample 1
Olserum. During fiscal 2012 the Company acquired a 100 % interest in the Olserum property, comprising one claim, in southern Sweden. The Olserum property was purchased from Norrsken Energy Limited, a private company registered in the United Kingdom, for total consideration of 37,746 common shares of the Company issued at a fair value of $95,120. The Company subsequently staked a further five claims surrounding the Olserum property. During fiscal 2014 the Company relinquished certain exploration claims and recorded an impairment charge of $44,230 to exploration and evaluation assets. As at November 30, 2014 the Company has 10 exploration claims and one mining lease in Sweden.
Sample 1

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