Nexus Gold agreement for Gummy Bear property
2019-06-04 18:41 ET – Property Agreement
The TSX Venture Exchange has accepted for filing a mineral property acquisition agreement dated May 22, 2019, between Nexus Gold Corp., and Robert Stares, Alexander Stares, Stephen Stares, Michael Stares, 1184091 B.C. Ltd. (Charanjit Hayre), whereby the company may acquire a 100-per-cent interest in the Gummy Bear project (2,525 hectares), located in central Newfoundland. Consideration is four million common shares. The vendor retains a 2-per-cent net smelter return (NSR), with the company having the right to repurchase one-half (1 per cent) for $1-million.
A finder’s fee of 400,000 common shares is payable to Transcend Capital Inc. (Etienne Moshevich).
https://www.nexusgoldcorp.com/
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