The TSX Venture Exchange has accepted for filing documentation relating to an exploration rights and sale agreement dated Aug. 15, 2016, between an arm's-length vendor and Cap-Ex Iron Ore Ltd. Pursuant to the agreement, the company shall acquire a 100-per-cent interest in three claims adjoining the southeastern part of the company's Aspen property at the Nechako plateau in British Columbia.

In consideration the company shall pay $25,000 and issue 250,000 shares to the vendor.

In addition, the vendor shall have a 2-per-cent net smelter royalty on the property and the company is entitled to repurchase 1 per cent of the NSR for the purchase price of $500,000.

For more information, refer to the company's news release dated Aug. 18, 2016.