The TSX Venture Exchange has accepted for filing the documentation relating to an arm's-length option agreement whereby Frontline Gold Corp. can acquire up to a 100-per-cent interest in 164 claims units located in the Thunder Bay mining division of Ontario, in consideration of $150,000 in cash over a three-year period and one million common shares. The optionor will retain a 2.0-per-cent net smelter returns royalty. The company may repurchase one-half of the 2.0-per-cent royalty upon payment to the optionor of $1-million.
For further information, please refer to the company's news release dated July 9, 2020.
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