Forty Pillars Secures Option Agreement with Abitibi

Forty Pillars Mining Corp (TSE:PLLR) has released an update.

Forty Pillars Mining Corp. has announced the initial closing of an option agreement with Abitibi Metals Corp., allowing them to acquire a 100% interest in the Val-d’Or North property in Quebec. As part of the agreement, Forty Pillars has issued 2.5 million common shares to Abitibi and committed to $3 million in qualifying expenditures over two years.

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