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BRIEF-Beaufield Resources acquires 100pct interest in the urban-windfall sector
May 24, 2017 / 1:12 PM / 6 months ago

BRIEF-Beaufield Resources acquires 100pct interest in the urban-windfall sector

May 24 (Reuters) - Beaufield Resources Inc:

* Beaufield Resources acquires 100pct interest in the urban-windfall sector

* Announce acquisition of a 100pct interest in 299 hectare windfall east project from alto ventures ltd

* Beaufield will pay alto $300,000 cash

* Beaufield will issue 2.75 million beaufield shares to alto

* Beaufield Resources - Alto will retain a 1pct net smelter return royalty on property with buyback provision for 0.5pct of NSR by beaufield for $1 million

* Beaufield will subscribe for 2.9 million shares of ALTO at a price of $0.12 per share for proceeds of $350,000 Source text for Eikon: Further company coverage:

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