Troilus Gold Corp. (TSX:TLG, OTCQX:CHXMF) announced that it is selling the Mike Lake (ML) properties to Prospector Metals Corp. (TSX-V:PPP, OTCQX:ETHOF) to streamline its portfolio allowing it to focus on its flagship Troilus #gold project in Quebec, Canada. The ML project is located in the Tintina Gold Belt, approximately 80 kilometres from Dawson City, Yukon Territory. Prospector will acquire a 100% interest in the project through a shares-only purchase agreement which will result in Troilus becoming a keystone shareholder in Prospector. It is expected Troilus will own 19.9% of Prospector’s shares upon the closing of the transaction, allowing the company to maintain a stake in the potential success of the project under Prospector’s leadership. More at #Proactive #ProactiveInvestors http://ow.ly/lOZW1057HpP #TSX #OTCQX #TLG #CHXMF
