VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/15/13 -- Brades Resource Corp. ("Brades" or the "Company") (TSX VENTURE: BRA) is pleased to announce the closing the Lorne Lake uranium property acquisition previously announced on July 16, 2013. Pursuant to the transaction, Brades has acquired a 100% interest in the Lorne Lake property located in the Western Athabasca Basin of Saskatchewan in consideration for the issuance of 3,500,000 common shares. Brades has also granted a 2% net smelter return royalty on the property in favour of one of the vendors, Ryan Kalt.
Brades is a junior exploration and development company with a focus of operations on Canadian resource properties. Brades is currently advancing its BRC porphyry copper-gold property in the Iskut River District, northwestern British Columbia. The BRC property covers 14,133 ha. and exhibits mineralization and alteration features that are similar to the Teck - Novagold Galore Creek deposit and the Imperial Metal Red Chris deposit in northwestern British Columbia.
ON BEHALF OF THE BOARD
Cheryl More, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Brades Resource Corp.
Cheryl More
President and CEO
(604) 329-4421
(604) 681-0796 (FAX)
