Nov 19, 2015
Reva Resources Corp. (the "Company") is pleased to announce that it has reached an agreement (the "Mineral Hill Agreement") with Remington Resources Inc. ("Remington") (TSXV:RGM) to acquire Remington's 50% interest in the Mineral Hill gold-silver property (the "Mineral Hill Property") located to the south of Stump Lake, 42 kilometres northwest of Merritt, in southwestern British Columbia. Under the terms of the Mineral Hill Agreement, the Company will pay Remington $150,000 for the 50% interest in the Mineral Hill Property. On closing the Company will own 100% of the Mineral Hill Property.
The Mineral Hill Agreement is a non-arms length transaction as certain directors and insiders of the Company are also directors and insiders of Remington.
The Mineral Hill Agreement remains subject to the acceptance of the TSX Venture Exchange.
REVA RESOURCES CORP.
For further information, please contact:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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