The TSX Venture Exchange has accepted for filing documentation pertaining to a property acquisition agreement dated effective Feb. 13, 2024, between TDG Gold Corp., TDG B.C. Assets Corp., a wholly owned subsidiary of the company, and Arcwest Exploration Inc., whereby the company and TDG B.C. will acquire a 100-per-cent interest in certain mineral claims known as the Oxide Peak property, located in the Toodoggone district of north-central British Columbia. As consideration, upon the exchange approval, the company will pay Arcwest $100,000 in cash and issue 412,031 common shares of the company. Additionally, Arcwest will retain a 2.0-per-cent net smelter return (NSR) royalty on the property with an option for the company to buy back 1 per cent of this royalty for $2-million.

According to the acquisition agreement, upon closing the transaction, the company, TDG B.C. and Arcwest will concurrently terminate their previous option and joint venture agreement dated Dec. 22, 2019, pursuant to which Arcwest granted TDG B.C. an option to acquire up to an 80-per-cent aggregate ownership interest in the property.

This transaction is arm's length in nature and no finder's fee is payable.

For further details, please refer to the company's news release dated Feb. 14, 2024.