William, Claude in Vauquelin deal

The 19-claim Vauquelin property 35 km east of Val d’Or, Que., has been sold to Inco (TSE), William Resources (ME) and Claude Resources (TSE) report.

Inco paid a total of $25,000 for William’s 75% interest in the property and Claude’s 25% interest. The transaction is subject to a 1.5% net smelter return royalty payable to William and Claude, half of which will be redeemable at any time by Inco for $250,000.