80 Mile: Proposed Transaction for Development of Jameson Concession
80 Mile PLC ('80 Mile' or the 'Company'), the AIM (80M.AIM), FSE listed and US OTC traded (BLLYF.OTC) , exploration and development company with mineral and energy projects in Greenland and a biofuels plant in Italy, is pleased to announce it has entered into a binding heads of terms agreement ("HOT") with March GL Company ("MGL"), a private Texas Corporation, whereby MGL will fund stratigraphic research drilling at the Jameson industrial gas and liquids rich project in Greenland ("Jameson").