The TSX Venture Exchange has accepted for filing documentation in connection with an exploration and option agreement dated Oct. 26, 2020, between the company and Frederic Bergeron whereby the company was granted an option to acquire 12 mining claims located in Lac-St-Jean, Que. Consideration is a total of $187,500 payable in cash or shares in three tranches over a 36-month period and $100,000 in exploration expenditures in the third year. If payable in shares, the deemed price is equal to the volume weighted average trading price for the 10 trading days immediately preceding the closing date subject to a floor price of not less than the discounted market price as of the date of the news release. The claims are subject to a 2-per-cent net smelter royalty (NSR) in favour of Mr. Bergeron.
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