The TSX Venture Exchange has accepted for filing the documentation relating to an option agreement dated Dec. 14, 2016, in connection with the acquisition of 172 claims in the McConnells Jest property located in the Tintina gold belt of Yukon. The consideration payable by the company consists of the issuance of a total of 1.5 million common shares over a period of three years, cash payments of a total of $150,000 over a period of four years and a 3-per-cent net smelter return royalty to the vendor.
A finder will receive a commission equal to $31,000, of which 10 per cent is payable in cash and 90 per cent in common shares.
For further information, please refer to the company's press releases dated Nov. 17, 2016, and Jan. 18, 2017.
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