Mr. Brayden Sutton reports
SORRENTO RESOURCES EXERCISE OPTION TO ACQUIRE WING POND PROPERTY
Sorrento Resources Ltd. has fully exercised its option to acquire the Wing Pond property following the completion of a final cash payment of $50,000 and the issuance of two million common shares. The company now holds a 100-per-cent interest in and to the Wing Pond property, subject to a 3-per-cent net smelter returns royalty, of which the company may acquire two-thirds (2 per cent) at any time for $1-million.
About Sorrento Resources Ltd.
The company is engaged in acquisition, exploration and development of mineral property assets in Canada. The company's objective is to locate and develop economic precious and base metal properties of merit including the Wing Pond property, located roughly 40 kilometres east-northeast of Gander, Nfld., Canada, in central Newfoundland.
We seek Safe Harbor.
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