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Chimata Gold agreement for Troilus North

May 15, 2018

2018-05-14 16:30 ET – Property Agreement

The TSX Venture Exchange has accepted for filing the acquisition agreement dated Oct. 10, 2017, between Chimata Gold Corp. and Greg Exploration Inc., a private Quebec company, regarding an option to acquire a 100-per-cent interest in the Troilus North properties located in Quebec, subject to a 1.5-per-cent net smelter royalty. Of the NSR, 0.5 per cent can be purchased by Chimata for $500,000.

Chimata will pay $100,000 in the first year, $100,000 in the second year and $50,000 in the third year.

This is not a non-arm’s-length transaction and there are no finder’s fees.

For further details, please review the company’s news releases dated Sept. 27, 2017, Oct. 12, 2017, and May 14, 2018.

http://chimatagoldcorp.com/news/