Greenlight Resources Inc. (PRZCF) Agrees to Purchase Mine in Canada
Greenlight Resources Inc. reported that the company has signed a letter of intent to acquire interests in a mine in Canada that is prospective for rare earth and other metals. Greenlight Resources Inc. is purchasing up to a 100% undivided ownership interest in the Porcupine-Upper Miramichi Rare Earth Property located near Newcastle, New Brunswick. Greenlight Resources Inc. is required to pay $6,000 at the closing of the formal agreement, and issue common shares worth an additional $6,000. The company must also pay $110,000 over the next five years to the sellers and invest a minimum of $120,000 over that time…