Appleton Assigns Manalo Interest to Northrock Resources Inc. and Grants Stock Options
26 September 2011 - 11:09PM
Marketwired
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
Neither the TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
Contacts: Appleton Exploration Inc. Tim Henneberry (604)
694-0741 www.appletonexploration.com
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