The TSX Venture Exchange has accepted for filing documentation pertaining to an agreement dated Aug. 10, 2016, between Wealth Minerals Ltd., James Dawson and Gary Belik. Pursuant to the agreement, the company acquired the option to earn a 100-per-cent interest in the Jesse Creek property in British Columbia.
Consideration for the property is shown in the attached table.
Cash Shares
Closing $40,000 200,000
Oct. 3, 2017 $80,000 400,000
Oct. 3, 2018 $160,000 600,000
Oct. 3, 2019 $320,000 800,000
Oct. 3, 2020 $400,000 1,000,000
Insider/pro group participation: James Dawson holds a 50-per-cent interest in the property and is a director of the company.
For additional information, please refer to the company s news releases dated Aug. 10, 2016, and Sept. 15, 2016.
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