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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 20, 2014) - Moose Pasture Resources (TSX VENTURE:MOOS) announces that it has signed a non-binding letter of intent (LOI) with an undisclosed third party in regards to its flagship property. Under the terms of the LOI, Moose Pasture is set to give away just about all the potential upside in return for enough cash to cover its accounting bills for 2014 which allow the company to limp into 2015.
Anne Elk (Miss), President & CEO of Moose Pasture commented on the LOI by saying, "We are obviously fucked as a company, but at least this way I get to play at boss for a few more months and you never know, gold might pop by $300 an ounce and save us all. Anyway, I found these suckers who'll pay our G&A in the meantime and managed to convince them that our shitty piece of land might be worth something".