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Gungnir Resources, Ximen Mining property agreement

May 22, 2019

2019-05-21 18:39 ET – Property Agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to a royalty option agreement dated April 25, 2019, between the company and Ximen Mining Corp., whereby the company will complete the sale of its remaining interest in a 4-per-cent gross metal royalty over the Kenville gold mine property for gross proceeds of $1.7-million.

Under the terms of the agreement, the Ximen will pay the purchase price as follows: (i) $500,000 in cash on signing of the agreement; (ii) $200,000 in common shares of the Ximen after the receipt of the exchange’s approval of the transaction; and (iii) $1-million in cash, to be paid on or before Oct. 31, 2019.

For further details, please refer to the company’s news releases dated April 26, 2019.

http://www.gungnirresources.com/