The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated Dec. 1, 2023, with an arm's-length optionor to acquire an undivided 100-per-cent interest in the mineral property claims Bridge P9486E and Bridge 1 MB 3068, located in the Bird River area in the province of Manitoba, Canada.
Pursuant to the terms of the agreement, in the event that the option is fully exercised, a 2-per-cent gross overriding royalty shall be retained by the optionor. The company has the exclusive right to purchase a 1-per-cent royalty at the price of $1-million and the optionor shall retain a 1-per-cent royalty.
Consideration: Dec. 29, 2023, $40,000 cash and 100,000 common shares;
Jan. 10, 2025, $50,000 cash and 200,000 common shares;
Jan. 10, 2026, $60,000 cash and 200,000 common shares
For further details, please refer to the company's news releases dated Dec. 11, 2023.
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