Post by
lifegoeson on Nov 17, 2020 9:17am
Another piece of the puzzle has been completed.
The Exchange just accepted the Mustang Extension. It is great to see they have acquired more of Mustang thus providing SKYG will more opportunities. I suspect they acquired this because of what the property represented after due diligence, I would love to be a bird on the wire listening to how they are going to proceed.
Sky Gold agreement for Mustang Extension property
Sky Gold Corp (2) (C:SKYG)
Shares Issued 58,997,130
Last Close 11/16/2020 $0.165
Monday November 16 2020 - Property Agreement
The TSX Venture Exchange has accepted for filing an option agreement dated Nov. 8, 2020, between Sky Gold Corp., and Darrin Hicks and David Hicks (the vendors), whereby the company may acquire a 100-per-cent interest in the Mustang Extension property, located in central Newfoundland. Consideration is $65,000 and 1.2 million common shares over a two-year period. The vendors retain a 2-per-cent net smelter return (NSR) royalty, with the company having the right to repurchase one-half (1 per cent) for $1-million at any time.