Appleton Assigns Manalo Interest to Northrock Resources Inc. and Grants Stock Options
September 26 2011 - 5:09PM
Marketwired Canada
Appleton Exploration Inc. (TSX VENTURE:AEX) (the "Company") announces that it
has entered into an assignment agreement with Northrock Resources Inc. for the
Manalo gold project in the Republic of Mali, West Africa. Appleton has agreed to
assign its interest in Manalo to Northrock for US$250,000 and 1,000,000 shares
of Northrock Resources Inc., subject to approval of the TSX Venture Exchange.
Appleton continues to aggressively pursue additional opportunities.
In an unrelated matter, the Company has granted 200,000 stock options to a
director of the Company. The options, which are subject to the terms and
conditions of the Company's stock option plan, are exercisable prior to
September 26, 2016, at an exercise price of $0.10 per share.
On Behalf of the Board of Directors,
R.Tim Henneberry, P.Geo., President and CEO
AEX Gold (TSXV:AEX)
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