PARLANE RESOURCE CORP. ("PPP")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: July 6, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Mineral Property Purchase Agreement dated May 12, 2017 between Parlane Resource Corp. (the "Company") and New Gold Inc. ("New Gold"), whereby the Company will sell all of the Company's interest in the Big Bear Mineral property located in British Columbia.
As consideration for the sale, New Gold will pay the Company $2,500,000 in cash.
The transaction has been approved by the Company's shareholders at the Special Meeting of shareholders held on June 16, 2017
Further information on the transaction is available in the Company's Information Circular dated May 8, 2017 and in news releases dated May 15, June 16 and July 5, 2017
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