The TSX Venture Exchange has accepted for filing documentation pursuant to an agreement of purchase and sale dated May 11, 2015, and announced via news release on June 5, 2015, between the company and an arm's-length party, whereby the company will acquire the Golden Bear claims in British Columbia, adjacent to the company's flagship Grizzly project in the Sheslay district. The agreement is subject to a 2-per-cent net smelter return (NSR) royalty. Pursuant to the terms of the agreement, consideration paid to the seller is the grant of the NSR, a one-time payment of 150,000 common shares in the company, at a deemed price of 10 cents per share. The company also has the option to purchase half of the NSR back from the seller, or 1 per cent, at any time for cash consideration of $1-million.