GCR banks $1 Million and increases its holding in Argent Minerals (ARD) following completion of the Kempfield Project Sale

The final transaction between GCR and Argent Minerals, completing the last tranche of the Kempfield Project Sale Agreement, has been completed. Argent now has a 100% interest in the Kempfield Silver Project.

As announced by both companies on 19 Apriol 2011, the following was received by GCR at settlement;

• $1.0 million in cash; and
• $1.0 million in fully paid Argent shares, issued at the VWAP over the 5 days prior to signing the Sale Agreement.

For more information, please download the pdf file of this release here