Barrian Mining agreement for Troy Canyon
2019-09-26 16:08 ET – Property Agreement
The TSX Venture Exchange has accepted for filing documentation in connection with an option agreement dated Sept. 23, 2019, between Brocade Metals Corp. and Corus Acquisition Corp. (the vendors) and Barrian Mining Corp., whereby Barrian has acquired a 100-per-cent interest in the Troy Canyon gold-silver project located in Nevada. Consideration is $50,000 (U.S.), 1.25 million common shares and $30,000 (U.S.) in exploration expenditures all within the first anniversary of the option agreement. The property is subject to a 1-per-cent net smelter return royalty which the company may purchase for $1-million (U.S.), subject to further exchange review and acceptance. In addition, a 0.5-per-cent NSR is granted to Brocade on the same terms, which the company can repurchase for $500,000 (U.S.), subject to further exchange review and acceptance.
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