Pacific Gold sale to Westmin

A recent letter agreement provides for Westmin Resources (TSE) to acquire all of Pacific Gold’s (VSE) interest in the Debbie, Yellow and Thistle gold properties near Port Alberni, B.C.

Westmin agreed to pay $100,000 upon closing, and make additional payments consisting of a 5% royalty on all expenditures made on the properties before commercial production, to a maximum of $900,000.