The TSX Venture Exchange has accepted for filing the documentation relating to a purchase agreement dated Oct. 15, 2019, in connection with the acquisition of a 100-per-cent interest in the Portage Lake property, consisting in three claim blocks totalling 4,350 hectares, located in the Murray Brook area in northern New Brunswick. In consideration, the company will issue 450,000 shares (postconsolidation).

The vendor will retain a 2-per-cent net smelter royalty, of which 1 per cent may be repurchased for a sum of $1-million.

For further information, please refer to the company's news release dated Oct. 15, 2019.