The TSX Venture Exchange has accepted for filing documentation pursuant to a final letter agreement between the company and Eros Resources Corp., formerly Anthem Resources Inc., a non-arm's-length party, whereby the company will acquire 100 per cent of the vendor's Chateau Fort gold property in central Quebec. Pursuant to the terms of the agreement, total consideration paid for the property is $100,000 in cash and eight million shares at a deemed price of five cents per share in staged payments over four years. The vendor will retain a 2-per-cent net smelter return (NSR) royalty on all claims forming part of the property where no royalties payable to third parties apply. The company will have the right to buy down 1 per cent of the NSR for $2-million. There are three additional NSRs on the property; the company also has various rights to buy down on the additional NSR.

Insider:  Anthem Resources Inc., eight million

For further information, please refer to the company's news release dated March 24, 2015.