Bearing is pleased to announce that Minera BRG, Bearing's wholly owned subsidiary, has entered into a Venture Agreement with Newmont de Mexico, a wholly owned subsidiary of Newmont Mining allowing Newmont to earn up to an 80% interest in Bearing's 100% owned Pedro Property located near the town of Mapimi in northeast Durango State. Under the terms of the Venture Agreement, Newmont may earn an initial 51% interest over a 5 [...]
Bearing wishes to announce that effective July 1, 2013, that it has amended the underlying option payments due on the Flume property, White Gold District, Yukon, due to Freeport-McMoRan of Canada Limited. Under the original agreement a final payment of $150,000 was due in June 2013. This final payment has been replaced by payments of $170,000 over a four year period (2013: $25,000 paid; 2014: $35,000: 2015: $60,000; 2016 [...]
Bearing wishes to announce that further to the news releases dated November 28, 2012 and March 14th, 2013, that the Company's agreement with Patriot Minefinders whereby Patriot could earn up to a 75% interest in the 13,400 hectare Kilometer 66 property located in Durango, Mexico has terminated. In addition the company has elected to terminate its underlying option agreement with the Mexican vendors as originally announced [...]
Bearing announces that its Board of Directors, subject to shareholder and TSX.V approval, has approved the re-pricing of a total of 2,135,000 options to purchase common shares to an amended exercise price of $0.15 per Option. The closing price of the Company's common shares on the TSX.V on Friday, March 15, 2013, prior to the approval of the Re-Pricing, was $0.07. A total of 1,935,000 of the Options had been issued on [...]
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