The TSX Venture Exchange has accepted for filing an agreement Jan. 9, 2026, and an amended agreement dated Feb. 19, 2026, between Gold X2 Mining Inc. and an arm's-length party (assignee). Pursuant to the terms of the agreement, the company may acquire, in stages, the assignee's interest in an option agreement for the acquisition of a 100-per-cent interest in the mineral claims and mining rights comprising the Star Lake property, located in Begin, Lamport, covering over 10,540 hectares. The option agreement is currently between the assignee and the vendor of the property.
By way of consideration, the company will make a staged cash payment of $252,500 to the vendor and issue a maximum of 868,745 shares, in the aggregate, to the assignee and the vendor, totalling $706,425 value, priced at a 10-day trading average at the time of issuance, subject to a minimum deemed price of 90 cents per share. The company must incur $1,895,200 exploration or work commitments in stages.
The vendor will retain a 2-per-cent net smelter return royalty, of which the company has the right to repurchase for $3-million.
For further details, please refer to the company's news releases dated Jan. 12, 2026, and Feb. 19, 2026.
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