The TSX Venture Exchange has accepted for filing a letter agreement dated April 18, 2016, between Intact Gold Corp. and Caprock Ventures Corp., whereby the company can acquire a 100-per-cent interest in the Guillet property (609.6 hectares), located five kilometres east of the town of Belleterre, Temiscamingue, Que. Consideration is $50,000 cash, one million common shares and $500,000 of exploration work over a three-year period.

The vendor retains a 0.5-per-cent net smelter return (NSR) on future gold production, which includes a $25,000 advance royalty payment annually on Dec. 31, beginning in 2020. The company retains the right to purchase half of the NSR for $500,000. The original vendors of the property retain a 3.5-per-cent NSR, with the company having the right to purchase the first 1 per cent for $1-million, the second 1 per cent for $1.5-million and the third 1 per cent for $2-million at any time.