Definitive positive move by JV for AGE!Lake Shore Gold (TSX:LSG) has agreed to sell its Bazooka gold and McWatters properties in Quebec to Vancouver-based RT Minerals (CNSX: RTM) in an a stock deal.
Under the terms of the sale, RTM will issue an aggregate of 10 million shares to Lake Shore. In addition, RT will transfer its interest in the Golden property near Timmins, Ontario and 50% of its stake in the Meunier joint venture property to Lake Shore for additional consideration. Meunier is located close to Lake Shore's Timmins Gold property.