The company stated that TSX Venture Exchange has accepted for filing an option agreement between the company and the vendor.
For the property, the company will pay $265,000 and issue 550,000 shares over a period of six years. Further, it is also liable for property expenditures of $50,000 and $100,000 to be paid within July 2015 and July 2016, respectively.
The Bull Run project comprises 3 claim groups, block A, block B and block C, totaling 9,185 hectares.
All three properties are located geologically and along potential fault zones, with intersecting smaller scale faults; and within several kilometers from known uranium zones, the company stated.
