Nexus Gold property agreement
2020-05-22 17:23 ET – Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to a mineral property acquisition agreement dated May 19, 2020, between Nexus Gold Corp. and an arm’s-length party, whereby the company will acquire a 100-per-cent interest in two mineral claims, located in the Red Lake mining division in Ontario.
Under the terms of the agreement, the company will make a $4,000 cash payment and issue 400,000 common shares to the vendor to earn the full interest in the claims.
Additionally, the vendor will retain a 1-per-cent net smelter return royalty on commercial production from the claims.
For further details, please refer to the company’s news release dated May 20, 2020.
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