The TSX Venture Exchange has accepted for filing documentation relating to an option and joint venture agreement dated Nov. 7, 2016, between Roscan Minerals Corp. and Pelangio Exploration Inc., a non-arm's-length party. Pursuant to the agreement, Roscan Minerals shall have the option to acquire a 50-per-cent interest in the Dormaa project located in Ghana, Africa, and the project shall be its principle property.
As consideration, Roscan Minerals shall pay an aggregate of $160,000 plus incur $2-million in exploration expenditures over a three-year period.
For more information, refer to Roscan Minerals' news releases dated Nov. 8, 2016, and Feb. 22, 2017.
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