The TSX Venture Exchange has accepted for filing documentation pertaining to a letter agreement dated Jan. 11, 2019, and a definitive agreement dated Feb. 19, 2019, between White Gold Corp. and Comstock Metals Ltd. Pursuant to the agreements, the company will acquire a 100-per-cent interest in the QV gold project, a property located in the White Gold district in the Yukon.
As consideration for the property, the company shall pay the vendor $375,000 in cash, issue 1.5 million common shares and issue 375,000 share purchase warrants. Each warrant entitles the holder to acquire one common share at a price of $1.50 for a three-year period.
For further details, please refer to the company's news release dated Jan. 14, 2019.
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