Muscocho buys Westfield’s Mishibishu Lake interest

Partners Muscocho Explorations and Flanagan McAdam Resources have agreed to purchase Westfield Minerals’ 50% interest in a large property in the Mishibishu Lake area west of Wawa, Ont. The property is immediately east of the Magnacon property operated by Muscocho and Flanagan.

The two companies can acquire the interest by paying Westfield $1.5 million in cash and issuing 100,000 common shares each. Westfield will also retain a 1.5% royalty on any future production.