The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in eight mineral claims located in the Port Alberni mining division of British Columbia.
Consideration: $300,000 cash and 2.5 million shares, plus $175,000 worth of shares issued at a value of no less than five cents per share
The property is subject to a 2-per-cent net smelter return (NSR) royalty, with the company having the right to purchase 1 per cent at any time for $250,000.
For further details, please refer to the company's news release dated May 24, 2024.
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