The TSX Venture Exchange has accepted for filing documentation relating to an agreement as amended on Sept. 2, 2026, between Visible Gold Mines Inc. and an arm's-length party. Pursuant to the agreement, the company shall acquire a 100-per-cent interest in the Sakami property, located in the James Bay territory of Quebec.
In addition, upon acquiring a 100-per-cent interest in the property, the company will grant the vendor a 1-per-cent net smelter return (NSR) royalty on the property, which the company may repurchase for $1-million.
The common shares will be subject to a voluntary three-year resale restriction, with 400,000 common shares to be released from such restriction four months following closing, and 1.2 million common shares to be released on each of the first, second and third anniversaries of the closing date.
For further details, please refer to the company's news releases dated May 27, 2026, and Sept. 3, 2026.
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