Mr. Thomas Yingling of Berkwood reports
BERKWOOD CONCLUDES $125,000 PROJECT FINANCE AGREEMENT WITH
INTACT GOLD CORP. TO ADVANCE THE LAC GUERET SOUTH GRAPHITE
Berkwood Resources Ltd. has concluded an agreement to finance
with Intact Gold Corp. The terms of the agreement allow
Intact to earn a 2.5-per-cent interest to the Lac Gueret South graphite property in exchange for expenditure of
$125,000 on the project by Dec. 31, 2018. During a period of six months, either party will have the
right to execute a buyback scenario, in which Berkwood would purchase the 2.5 per cent back by paying to Intact
875,000 units in Berkwood. Each unit will entitle Intact to receive one share and one-half warrant of the
company. This transaction is subject to exchange approval.
Tom Yingling, president and chief executive officer, stated: "I am very pleased to have Intact partnered with our near-term
advancement of our Lac Gueret South discovery. We are determined to advance the project toward a
preliminary economic assessment as soon as is practical, and we are thrilled to have the financial support
and technical endorsement of Intact as we prepare to drive the project forward."
About Berkwood Resources Ltd.
Berkwood is engaged in exploration for the commodities that enable the modern
revolution in essential technologies. These technologies are dependent upon the ethical mining and supply
of naturally occurring elements and minerals that enhance the performance of energy storage systems and
permit the development and miniaturization of new electronics and structural components for the new suite
of innovative tools. The company is led by a team with collectively over 100 years experience and whose
members have been involved with the discovery of several producing mines.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.