Gulfside Enters into Data Purchase AgreementData Purchase Agreement • October 5th, 2011
Contract Type FiledOctober 5th, 2011VANCOUVER, Oct. 5, 2011 /CNW/ - Robert L. Card, President of Gulfside Minerals Ltd. ("Gulfside" or the "Company"), reports that further to the Company's news release of July 12, 2011, the Company has amended the Data Purchase Agreement with Lucky Strike Resources Ltd. ("Lucky"). The Company owns certain exploration data, records, and reports ("Exploration Data") compiled by Norwest Corporation, including, drill logs, analytical results, and assay results prepared by Stewart Labs Mongolia, which relate to the Onjuul (CN) Coal Project in Mongolia. Gulfside and Lucky have agreed to a cash settlement for the Exploration Data rather than encumbering the property with a 2% royalty on Net Production, as originally noted in Gulfside's news release of July 12, 2011.