Maufort option

An agreement has been reached between Maufort Resources and a Vancouver company, Moneywise, whereby Maufort may earn a 51% interest in 700 acres adjacent to its Siscoe extension property in the Val d’Or area of northwestern Quebec. To earn its interest, Maufort must spend $200,000 in exploration work on the property by June 1, 1989. Also, Maufort has been given a one- year option to purchase 200,000 shares of Moneywise at $1 per share.