BRIEF-Copper Lake to buy 31.25 pct stake in Marshall Lake property for $2.1 mln

Thu May 5, 2016 6:12pm EDT
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May 5 (Reuters) - Copper Lake Resources Ltd

* Copper lake announces agreement to acquire additional interest in Marshall Lake property

* Reached agreement to acquire 31.25% interest in Marshall Lake property currently held by Marshall Lake Mining Limited

* Mlmp to be entitled to nominate 2 individuals for election to co's board of directors, which will be expanded to 5 directors

* Total consideration is valued at $2.1 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)