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Alianza Minerals agreement for Haldane property

Mar 9, 2018

2018-03-06 19:32 ET – Property Agreement

The TSX Venture Exchange has accepted for filing documentation in connection with a sale and purchase agreement dated March 2, 2018, between the company and Equity Exploration Consultants Ltd. (Darcy Baker/Neil Perk), whereby the company has acquired a 100-per-cent interest in the Haldane property, Yukon Territory. The company assumes a 100-per-cent obligation with respect to existing royalties (2 per cent). Consideration is as follows:

Year 1, $50,000 and two million common shares;
Year 2, $50,000 and $100,000 in cash or shares (based on a five-day VWAP (volume weighted average price) subject to a floor of not less than six cents per share);
Year 3, 250,000 common shares within 30 days after measured mineral resource of not less than five million ounces of Silver equivalent at a grade of not less than 500 grams per tonne (g/t) silver (Ag) and 500,000 common shares within 30 days of the board of directors approving the commencement of construction of a mine or processing plant.

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