The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 75-per-cent interest in the Theory project (9,677 hectares), located in the Toodoggone area of British Columbia. The seller is entitled to a 2-per-cent net smelter return (NSR) royalty, with the company having the right to repurchase a 1-per-cent royalty for $1-million at any time. There is also an underlying 0.5-per-cent NSR on two claims, with the company having the right to repurchase the entire NSR for $1-million.
Consideration: $250,000 in cash, 750,000 common shares and $3-million in work expenditures
For further details, please refer to the company's news release dated March 17, 2025.
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