The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in a total of 4,543 mining claims known as the Eagle Lake claims, Grove Lake claims and Whitefish Lake claims, located in Ontario, from six vendors. The properties are subject to a 1.0-per-cent net smelter return (NSR) royalty in the future minerals produced from the claims upon achieving commercial production to one of the six vendors.
Consideration: total of $630,000 within four months of closing and nine million common shares on closing
For further details, please refer to the company's news releases dated June 16, 2023, and July 13, 2023.
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