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Alianza Minerals agreement for KRL claims

Sep 17, 2018

2018-09-14 18:59 ET – Property Agreement

The TSX Venture Exchange has accepted for filing an option agreement dated Sept. 2, 2018, between Alianza Minerals Ltd. and Bernie Kreft (the vendor), whereby the company has an option to acquire a 100-per-cent interest in the KRL claims in British Columbia. In consideration, the company will pay $250,000 in cash ($25,000 in the first year) over four years and issue 800,000 common shares (100,000 shares in the first year) to the vendor over a five-year period. Additional 850,000 shares may be issued at certain milestones. An aggregate of $2.25-million of exploration expenditures will occur by Dec. 31, 2023, with an initial expenditure of $150,000 by Dec. 31, 2019.

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