News GOLDEN BAND RESOURCES INC. ("GBN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 7, 2012
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing a Property Option Agreement dated June 16, 2011 and amended June 5, 2012 between Golden Band Resources Inc. (the Company) and 1542651 Alberta Ltd. (the Vendors: James Beardsall, Thomas Fontaine, Karl Meade, Terrence Primeau) whereby the Company has been granted an option to acquire a 100% interest in the North Lake Property, Saskatchewan. Consideration is $100,000 cash, or at the Company's election, 500,000 warrants exercisable at
.33 for a three year period, and at the Vendor's election either $200,000 cash or shares of the Company and $1,000,0000 in exploration expenditures within a three year period. The Property is subject to a 2% NSR with the Company having the option to purchase one-half (1%) for $500,000.
GoldenBand will sell its half of the Preview Lake and North Lake properties . ( stockwatch)