The TSX Venture Exchange has accepted for filing documentation relating to share exchange agreement dated April 28, 2018, between the company and Monterra S.A. (the vendor), providing for the acquisition of all issued and outstanding shares of Goldmindex S.A., an entity holding rights to 12 concessions in Ecuador, known as the Fortuna property. Pursuant to the terms of the agreement, the company issued 16 million shares on closing to the shareholders of the vendor, and these shares will be subject to escrow for 36 months as per the terms of the agreement. The transaction is arm's length in nature and there is no finder's fee payable.
Please refer to the company's news releases dated Feb. 20, 2019, April 11, 2018, July 10, 2018, and Sept. 11, 2018, for further details.
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