Barsele Minerals

Barsele Minerals is a Canadian junior mineral exploration company whose sole asset is the advanced-stage Barsele Gold Project. The company is pleased to announce that it has executed a non-binding letter of intent with Agnico Eagle Mines to acquire Agnico Eagle’s indirect 55% interest in the Barsele Project. Moreover, the company currently holds the remaining 45% interest in the Barsele Project. Upon completion of the Proposed Transaction, they would consolidate control of the Barsele Project. Further, the completion of the Proposed Transaction will be governed by the terms of a definitive agreement to be entered into between Barsele and Agnico Eagle.