Goldeneye acquires oil and gas interest in Oklahoma
Monday, Dec 03, 2012Goldeneye Resources Corp. (TSX VENTURE:GOE) (the "Company" or "Goldeneye") is pleased to announce that it has entered into a letter of intent (the "LOI") with TexKanOk Energy, LLC (the "Vendor"), an arm's length party to the Company, to acquire an interest in the Keyes Dome Project, Oklahoma (the "Project").
The Project consists of a total of 3,200 acres in five sections of oil and gas leases, located in Cimarron County, Oklahoma, currently held or under accumulation by the Vendor.
Under the terms of the LOI, the Company will pay a total of $266,000 and issue a total of 3,300,000 common shares and 1,650,000 transferrable share purchase warrants to the Vendor in stages as set out below. Each warrant will authorize the holder thereof to purchase one common share of the Company for a period of five years from the date of issue at an exercise price of $0.30 per share.
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