The TSX Venture Exchange has accepted for filing a mineral property agreement dated Aug. 21, 2015, between the company, and Tom Morgan and Bill Karman. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent interest in Spy property in the southwest Yukon. By way of consideration, the company will issue 1.05 million shares over four years at a deemed price of five cents per share. The property is subject to a 3-per-cent net smelter return (NSR) in favour of the optionors and may be reduced to 1 per cent by the company making a one-time payment of $1.5-million to the optionors.
Please refer to the company's news release dated Sept. 14, 2015, for further details.
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