July 14, 2016 / 1:37 PM / a year ago

BRIEF-Rapier Gold enters into agreement to acquire Pen South Property

July 14 (Reuters) - Rapier Gold Inc :

* Rapier Gold Inc enters into agreement to acquire Pen South Property

* Terms of purchase agreement include acquiring 100% purchase of Pen South Property, subject to a 2% NSR

* Upon completion of terms of purchase agreement, company will pay $325,000 and issue 1,500,000 common shares

* Agreement covers 10,848 hectares, replaces option to explore for gold on Pen Gold South Property entered into at time of listing co Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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