September 9, 2015
Vancouver, British Columbia
Altair Gold Inc. (“Altair”) – Mr. Zahir Dhanani, Chairman & CEO of Altair, is pleased to announce that Altair has signed abindingoption agreement to acquire 90% of the shares of A.GJ.A, SH.P.K.(“Agja”), a privately owned company registered in Kosovo.
Agja owns a high grade zinc-lead-silver project in Kosovo named CEREPULJA. Technical details of the project will be provided in a later news release.
Under the terms of the agreement, Altair has until September 30, 2015 to exercise the option. To earn its 90% ownership interest, Altair must pay a total of $300,000 as the purchase price, with a first installment of $ 120,000 due four months after the option is exercised. The remaining payments are $ 120,000 payable 10 months after the option is exercised, and another $ 60,000 15 months after the option is exercised.
Subject to TSX approval a finder’s fee to the maximum allowable will be paid to an arm’s length party.
The agreement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.
For further information please contact Zahir (Zip) Dhanani at 604.248.5175 or via email at [email protected]
Altair Gold Incorporated
Zahir ( Zip )Dhanani, CEO & Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO US NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES