Oasis Resources has reached agreement with Ressources cmp 1987, Ressources cmp 1987 Quebec and Deductible Opportunities Funds 1987 for the financing of the Delta platinum project in northern Quebec.
The agreement, subject to regulatory approval, calls for the three funds to buy common shares of Oasis at a price above the market until a maximum of $750,000 is reached.
The Delta project will explore for platinum in the Ungava area, near Cape Smith. Oasis has an option to purchase 40% of the property from Falconbridge Ltd. by carrying out $1.75 million worth of exploration by Feb 28, 1988.
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