Quadro Resources Ltd. Announces Amended Option Agreement ___________________________________________________________________________ ___
News Release
QUADRO RESOURCES LTD. ANNOUNCES AMENDED OPTION AGREEMENT ___________________________________________________________________________ ___
VANCOUVER, BC March 13, 2015 – Quadro Resources Ltd. (TSX-V:QRO) (“Quadro” or the “Corporation”) is pleased to announce that it has entered into an amendment agreement (the “Amending Agreement”) in respect to the mineral property option agreement dated February 19, 2013 with Vatic Ventures Corp., further amended and announced on November 19, 2013 and March 7, 2014, whereby Quadro can acquire a 51% interest in and to certain mineral claims known as the Brookmere Property (the “Property”) located in the Spences Bridge Gold Belt District, British Columbia, Canada.
Pursuant to the terms of the Amending Agreement, Quadro may acquire a 51% interest in the Property by completing the following exploration expenditures (“Expenditures”) on the Property:
1. $110,000 of Expenditures by December 31, 2015;
2. A further $250,000 of Expenditures by December 31, 2016;
3. A further $500,000 of Expenditures by December 31, 2017.
ON BEHALF OF THE BOARD OF DIRECTORS “T. Barry Coughlan”
T. Barry Coughlan, President
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements of information, including but not limited to those with respect to the prices of copper, estimate future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.
Sui t e 1030– 7 8 9 W est P e n de r St re e t Va n co u v er, B. C. V 6 C 1H 2 T el (6 04 ) 68 3 -33 3 1 Fa x (6 04 ) 68 5 -86 7 7