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December 15, 2006
E-Energy closes Uchi Lake agreement
E-Energy Ventures Inc. has received acceptance from the TSX Venture Exchange
with respect to the mineral property option agreement signed between the
company and Dollard Mines Ltd. in which the company has an option to acquire a
100-per-cent interest in the Uchi Lake gold property east of Red Lake, Ontario.
Consideration for the option is $200,000 over 30 months, two million common
shares and $500,000 in exploration expenditures over a three-year period. The
property is subject to a 2-per-cent net smelter return royalty which the
company can buy down to a 1-per-cent NSR for $1-million.
The company has closed the transaction, paid $50,000 and issued two million
shares to Dollard Mines Ltd. All common shares issued pursuant to this
transaction are subject to a hold period expiring April 14, 2007.
On behalf of the Board of Directors
Simon Tam
Director
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED
OF THE CONTENTS HEREIN.
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