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Azincourt Energy, 1177865 B.C. property agreement

Sep 13, 2018

2018-09-11 17:36 ET – Property Agreement

The TSX Venture Exchange has accepted for filing a property option agreement dated Sept. 5, 2018, between the company and 1177865 B.C. Ltd. (Alexander Hirtz, Lance Hubbard, Graham Moore, Darryl Cardey and Darren Devine), whereby the company has been granted an option to earn up to a 100-per-cent interest in and to eight mineral concessions (known as Escalera, Lituania and Conderlit) located in Peru. The aggregate consideration is $850,000 and seven million common shares payable in tranches on or before Aug. 30, 2021, and $3.25-million in exploration expenditures on or before Aug. 30, 2022. If the option is exercised in full, 1177865 will retain a 1.5-per-cent net smelter return royalty on the property.

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