Eagle Plains Resources

Eagle Plains Resources clarified its property sale agreement with Trident Resources, involving four Saskatchewan claim blocks (16,245 hectares) sold for $14,730. Eagle Plains retains a 2% Net Smelter Royalty. The deal is classified as non-arms length due to a common director, Tim Termuende. Exemptions from formal valuation and minority shareholder approval were granted under MI 61-101 because the transaction value is less than 25% of Eagle Plains’ market capitalization. The TSX Venture Exchange still considers it a reviewable transaction.